Profit And Loss Ques 3
Question.
The cost prices of two beds are equal. One bed is sold at a profit of $25 \%$ and the other one for Rs. 6596 less than the first one. If the overall profit earned after selling both the beds is $8 \%$, what is the cost price of each bed?
(1) Rs. 20,400
(2) Rs. 19,000
(3) Rs. 18,600
(4) Rs. 19,400
(5) Rs. 16,800
(IBPS Bank PO/MT CWE (Pre))
Show Answer
Correct Answer: (4)
Solution: (4)
C.P. of each bed $=$ Rs. $x$ (let)
According to the question,
$\frac{x}{4}+\frac{x}{4}-6596$ $=\frac{2 x \times 8}{100}$
$\frac{x}{4}+\frac{x}{4}-6596$ $=\frac{4 x}{25}$
$\Rightarrow \frac{x}{2}-\frac{4 x}{25}=6596$
$\Rightarrow \frac{25 x-8 x}{50}=6596$
$\Rightarrow 17 x=6596 \times 50$
$\Rightarrow x=\frac{6596 \times 50}{17}$ = Rs. 19400
BETA
