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Ananya buys two bangle set for a total cost of Rs. 900. By selling one bangle set for 4/5 of its cost and the other for 5/4 of its cost, She makes a profit of Rs. 90 on the whole transaction. The cost of the lower priced bangle set is?
  • a)
    Rs. 360
  • b)
    Rs. 400
  • c)
    Rs. 420
  • d)
    Rs. 300
  • e)
    None of these
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
Ananya buys two bangle set for a total cost of Rs. 900. By selling one...
CP of 1st bangle set = x
CP of 2nd bangle set = 900-x
SP of 1st bangle set = 4x/5
SP of 2nd bangle set=(900-X)5/4
Profit=SP-CP
90=4x/5+(900-X)5/4-900
X = 300 = Lower priced bangle set = Rs.300
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Most Upvoted Answer
Ananya buys two bangle set for a total cost of Rs. 900. By selling one...
CP of 1st bangle set = x
CP of 2nd bangle set = 900-x
SP of 1st bangle set = 4x/5
SP of 2nd bangle set=(900-X)5/4
Profit=SP-CP
90=4x/5+(900-X)5/4-900
X = 300 = Lower priced bangle set = Rs.300
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Ananya buys two bangle set for a total cost of Rs. 900. By selling one...
Given information:
- Ananya buys two bangle sets for a total cost of Rs. 900.
- By selling one bangle set for 4/5 of its cost and the other for 5/4 of its cost, she makes a profit of Rs. 90 on the whole transaction.

To find: The cost of the lower priced bangle set.

Let's assume the cost of the lower priced bangle set as x.

Cost of the higher priced bangle set = 900 - x (since the total cost of both sets is Rs. 900)

Profit on selling the lower priced bangle set = (4/5)x - x = (4/5 - 1)x = -1/5x
(Profit is negative because the lower priced bangle set is sold for less than its cost.)

Profit on selling the higher priced bangle set = (5/4)(900 - x) - (900 - x) = (5/4 - 1)(900 - x) = 1/4(900 - x)

Given that the total profit on selling both sets is Rs. 90, we can write the equation:

-1/5x + 1/4(900 - x) = 90

Simplifying the equation:

-1/5x + 1/4(900) - 1/4x = 90
-1/5x - 1/4x + 225 = 90
(-4x - 5x + 900)/20 = 90
-9x + 900 = 1800
-9x = 1800 - 900
-9x = 900
x = 900/(-9)
x = -100

Since the cost cannot be negative, we discard this solution.

Therefore, the cost of the lower priced bangle set is Rs. 300 (Option D).
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Marginal analysis is an important decision-making tool in the business world. Pricing decisions tend to heavily involve analysis regarding marginal contributions to revenues and costs. In business, the practice of setting the price of a product to equal the extra cost of producing an extra unit of output, i.e. the marginal cost of producing the unit, is known as marginal-cost pricing. In the marginal analysis of pricing decisions, if marginal revenue, the increase in revenue from the sale of an additional unit of output, is greater than marginal cost at some level of output, marginal profit is positive, and, therefore, a greater quantity should be produced. Alternatively, if marginal revenue is less than the marginal cost, marginal profit is negative and a lesser quantity should be produced. Accordingly, firms tend to use this analysis to increase their production until marginal revenue equals marginal cost, and then charge a price which is determined by the demand curve. For instance, businesses often set prices close to marginal cost during periods of poor sales. If, for example, an item has a marginal cost of $1.00 and a normal selling price of $2.00, the firm selling the item might wish to lower the price to $1.10 - if demand has waned. The business would choose this approach because the incremental profit of 10 cents from the transaction is better than no sale at all.Which of the following best describes the primary purpose of the author?

Ananya buys two bangle set for a total cost of Rs. 900. By selling one bangle set for 4/5 of its cost and the other for 5/4 of its cost, She makes a profit of Rs. 90 on the whole transaction. The cost of the lower priced bangle set is?a)Rs. 360b)Rs. 400c)Rs. 420d)Rs. 300e)None of theseCorrect answer is option 'D'. Can you explain this answer?
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Ananya buys two bangle set for a total cost of Rs. 900. By selling one bangle set for 4/5 of its cost and the other for 5/4 of its cost, She makes a profit of Rs. 90 on the whole transaction. The cost of the lower priced bangle set is?a)Rs. 360b)Rs. 400c)Rs. 420d)Rs. 300e)None of theseCorrect answer is option 'D'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Ananya buys two bangle set for a total cost of Rs. 900. By selling one bangle set for 4/5 of its cost and the other for 5/4 of its cost, She makes a profit of Rs. 90 on the whole transaction. The cost of the lower priced bangle set is?a)Rs. 360b)Rs. 400c)Rs. 420d)Rs. 300e)None of theseCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ananya buys two bangle set for a total cost of Rs. 900. By selling one bangle set for 4/5 of its cost and the other for 5/4 of its cost, She makes a profit of Rs. 90 on the whole transaction. The cost of the lower priced bangle set is?a)Rs. 360b)Rs. 400c)Rs. 420d)Rs. 300e)None of theseCorrect answer is option 'D'. Can you explain this answer?.
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