Two paintings were purchased at the same price. One was sold at a profit of 30% and another was sold at a price which was Rs. 1620 less than the price at which the first was sold. If the overall prof…

Question

Two paintings were purchased at the same price. One was sold at a profit of 30% and another was sold at a price which was Rs. 1620 less than the price at which the first was sold. If the overall profit earned by selling both the paintings was 6% then what was the cost of both paintings?

PYQPulse · Accepted Answer

Rs. 3375

PYQPulse · Answer

Explanation: Assume CP of two paintings = 100x + 100x = 200x Total SP two paintings = 200 × 106% = 212 x One sold at 130 x Another at 212 x – 130 x = 82 x ? 130 x – 82 x = 1620 48 x = 1620 ? x = 33.75 CP of painting = 100x = 100 × 33.75 = Rs. 3375

Two paintings were purchased at the same price. One was sold at a profit of 30% and another was sold at a price which was Rs. 1620 less than the price at which the first was sold. If the overall profit earned by selling both the paintings was 6% then what was the cost of both paintings?

Answer: B. Rs. 3375

Explanation