The cost price of two articles A and B is the same. Article A is sold at a loss of 24% and Article B is sold for ₹270 more than the selling price of A. If the net profit by selling both articles is 12%, then what is the selling price (in ₹) of article B?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 555.
Let actual CP = x
SP of A = 0.76x and SP of B = 0.76x + 270
Total SP = 0.76x + (0.76x + 270) = 1.52x + 270
Total CP = 2x
1.52x + 270 = 2x × 1.12 = 2.24x
⇒ 0.72x = 270
⇒ x = 270/0.72 = 375
SP of B = 0.76 × 375 + 270 = 285 + 270 = 555