Multiple choice

A shopkeeper marked up of article A at 60%above its cost price and sold it at the discount of 25%. Profit made by shopkeeper on article A is Rs.475. If the cost price of article B is 40% more than that of article A and profit on both articles is same, then find the selling price of article B?

  1. 7800

  2. 4500

  3. 2300

  4. 3800

  5. 2700
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Article A: CP=x, MP=1.6x, SP=1.6x*0.75=1.2x. Profit=0.2x=475 => x=2375. Article B: CP=1.4*2375=3325. Profit=475. SP=3325+475=3800.

AI explanation

Let the cost price of article A be 100x, making its marked price 160x. After a 25% discount, the selling price is 120x, generating a profit of 20x equal to Rs. 475, meaning x equals 23.75. The cost price of article B is 140% of article A, which is 140 times 23.75, resulting in Rs. 3325. Since the profit on article B is Rs. 475, its selling price is 3325 plus 475, giving Rs. 3800.

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