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AFCAT Model Paper 3
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© examsnet.com
Question : 42
Total: 100
A trader bought two articles for Rs.490. He sold one at a loss of 20% and the other at a profit of 16%. If the selling price of both articles is same, then the cost price (in Rs.) of the article sold at 20% loss is:
300
280
310
290
Validate
Solution:
Given:
Cost price of articles = Rs.490
Loss % = 20%
Profit % = 16%
Formula:
Loss %
=
(
CP
−
SP
)
CP
×
100
Profit %
=
(
SP
−
CP
)
CP
×
100
Calculation:
Let cost price of one article be Rs.a and cost price of two article be Rs.(490 - a).
Selling price of one article
=
a
×
80
100
=
Rs
.
4
a
5
Selling price of other article
=
(
490
−
a
)
×
116
100
=
Rs.
(
568.4
−
29
a
25
)
Then,
⇒
4
a
5
=
568.4
−
29
a
25
⇒
49
a
25
=
568.4
⇒ a = 290
∴ Cost price of article which sold at loss of 20% is Rs.290.
© examsnet.com
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