Anil bought two articles A and B at a total cost of Rs 10,000. He sold the article A at 15% profit and the article B at 10% loss. In the whole deal, he made no profit or no loss. Find the selling price of the article A.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Rs 4,600
Let the CP of article A and article B be 100x and 100y.
SP of A = 100x × 1.15 = 115x.
SP of B = 100y × .9 = 90y.
Total CP = Total SP
100x + 100y = 115x + 90y
10y = 15x
x/y = 2/3
100x + 100y = 10000
500 units = 10000
1 units = 20.
SP of A = 115x = 115 × 2 × 20 = 4600.