The profit earned on the item sold at the rate of 2720 rupees, is 11% more profit than the loss on the same item sold at the rate of Rs. 1,243. Find the purchase price of the item.

Question

PYQPulse · Accepted Answer

Rs.1943

PYQPulse · Answer

Explanation: Let cost price of the article be Rs. . (2720-x) = (x-1243) 111/100 272000-100x=111x- 137973 111x+100x = 272000 + 137973 a ix 211x=409973 = 409973/211 = Rs. 1943 . The cost price of the article is Rs. 1943.

The profit earned on the item sold at the rate of 2720 rupees, is 11% more profit than the loss on the same item sold at the rate of Rs. 1,243. Find the purchase price of the item.

Answer: B. Rs.1943

Explanation