Multiple choice

A camel and a cart together cost Rs. 5000. If by selling the camel at a profit of 10% and the cart at a loss of 10% a total profit of 2.5% is made, then what is the cost price of the camel?

  1. 4500

  2. 3125

  3. 3000

  4. 2100

  5. 3800
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let camel cost = C, cart cost = 5000-C. Selling camel at 10% profit: 1.1C. Selling cart at 10% loss: 0.9(5000-C). Total selling price = 1.1C + 0.9(5000-C) = 1.1C + 4500 - 0.9C = 4500 + 0.2C. Total cost = 5000. Profit = 2.5% of 5000 = 125. So 4500 + 0.2C = 5125, giving 0.2C = 625 and C = 3125.

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