Abhi bought two articles for Rs. 624. He sold one at a loss of 14% and the other at a profit of 14%. If the selling price of both the articles is equal. Then the difference between their cost prices (in Rs.) is:
A. 89.64
B. 87.36
C. 89.68
D. 88.84
Answer: Option B
Solution(By Examveda Team)
\[\begin{array}{*{20}{c}} {}&{\text{I}}&{{\text{II}}} \\ {{\text{Cost Price}} \to }&{{{50}_{ \times 57}}}&{{{50}_{43}}} \\ {{\text{Profit/Loss}} \to }&{ - 7}&{ + 7} \\ {{\text{Sale Price}} \to }&{{{43}_{ \times 51}}}&{{{57}_{ \times 43}}} \end{array}\]Cost price = 50(57 + 43)
= 5000 unit → 624
= 1 unit → $$\frac{{624}}{{5000}}$$
Difference of Cost price $$ = \frac{{\left( {50 \times 14} \right) \times 624}}{{5000}} = 87.36$$
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
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