Profit And Loss Ques 20
Question.
Two mobile phones were purchased at the same price. One was sold at a profit of $30 \%$ and the second was sold at a price which was Rs. 2500 less than the price at which the first was sold. If the overall profit earned by selling both the mobile phones was $5 \%$, what was the cost price of one mobile phone?
(1) Rs. 8000
(2) Rs. 5000
(3) Rs. 6000
(4) Rs. 4500
(5) Rs. 5500
(IBPS Specialist Officer (IT) CWE 14.02.2016)
Show Answer
Correct Answer: (2)
Solution: (2)
Let the C.P. of each mobile phone be Rs. $x$.
According to the question,
$\frac{x \times 130}{100}+\frac{x \times 130}{100}-2500$ $=\frac{2 x \times 105}{100}$
$\Rightarrow \frac{260 x}{100}-\frac{210 x}{100}=2500$
$\Rightarrow \frac{50 x}{100}=2500$
$\Rightarrow x=\frac{2500 \times 100}{50}=$ Rs. 5000
BETA
