Abhi bought two articles for Rs. 624. He sold one at a loss of 14% and the other at a profit of 14%. If the selling price of both the articles is equal, then the difference between their cost prices (in Rs.) is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 87.36
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Concept |
Application |
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SP = CP × (100 + profit)/100 And SP = CP × (100 – loss)/100 Given that, cost price for two articles x and y is 624 Total CP = x + y= 624
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Selling price of 1st article = 0.86x Selling price of 2nd article = 1.14x Since selling price of both articles is same: 86x = 114y x/y = 57/43 Let x = 57n and y = 43n From x + y = 624 100n = 624 n = 6.24 Difference = 57n – 43n = 14n = 14 × 6.24 = 87.36 |