Quantitative Aptitude Ques 576

Question: The cost prices of two tables are same. One is sold at a profit of 20% and the other for Rs. 335 more than the first one. If the overall profit earned after selling the tables is 24%, then what is the cost price of each table?

[SBI (SO) 2016]

Options:

A) Rs. 4400

B) Rs. 3500

C) Rs. 4800

D) Rs. 4187.5

E) Rs. 3820

Show Answer

Answer:

Correct Answer: D

Solution:

  • Let the cost price of each table be Rs. x. Selling price of 1st table = 1.2 x and selling price of 2nd tables 1.2 x + 335 According to the question, $ \frac{(1.2x+1.2x+335)-2x}{2x}\times 100=24 $

$ \Rightarrow $ $ (2.4x+335-2x)=\frac{48x}{100}=0.48x $

$ \Rightarrow $ $ 0.4x+335-0.48x=0 $

$ \Rightarrow $ $ -0.08x=-335 $

$ \Rightarrow $ $ x=\frac{335}{0.08}=Rs.,4187.5 $

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