Profit and Loss Practice Test 2

Question : 37 of 40

Marks: +1, -0

The cost price of two sofa-sets is the same. One is sold at a profit of 10% and the other is sold for Rs 3,060 more than the one sold at 10% profit. Find the cost price of each sofa set if the overall profit is 13%.

Rs 51,000
Rs 52,750
Rs 54,000
None of these
Cannot be determined

Validate

Solution:

Let CP of each sofa set = Rs x

(10/100x)+(10/100x+3060)=(13/100x)2

20/100x+3060=26/100x

x=51000

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