Multiple choice

A person purchased two articles at the same price and on selling the first article he makes a profit of 19 \%. Selling price of second article is Rs 96 more than the selling price of the first article . Find the cost price of one article if his overall profit percent is 21 \% ?

  1. 2400 Rs

  2. 2100 Rs

  3. 2000 Rs

  4. 1400 Rs

  5. None of These
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let CP of each article = x. First article SP = x + 0.19x = 1.19x. Second article SP = 1.19x + 96. Total CP = 2x, total SP = 2.38x + 96. Overall profit = 21%, so 1.21(2x) = 2.38x + 96, giving 2.42x = 2.38x + 96, so 0.04x = 96, x = 2400. Option A is correct.

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