AFCAT Model Paper 3

Given:
Cost price of articles = Rs.490
Loss % = 20%
Profit % = 16%
Formula:
Loss % =

(CP−SP)

CP

×100
Profit % =

(SP−CP)

CP

×100
Calculation:
Let cost price of one article be Rs.a and cost price of two article be Rs.(490 - a).
Selling price of one article =a×

80

100

=Rs.

4a

5

Selling price of other article =(490−a)×

116

100

= Rs. (568.4−

29a

25

)
Then,
⇒

4a

5

=568.4−

29a

25

⇒

49a

25

=568.4
⇒ a = 290
∴ Cost price of article which sold at loss of 20% is Rs.290.