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The ratio between the cost price of article M and N is 11:9 respectively. Article M was marked 35% above its cost price and while selling 20% discount was given on it. If the profit obtained on article M while selling is Rs. 352, then find out the selling price of article N where 8% profit was obtained while selling.
  • a)
    3672
  • b)
    3444
  • c)
    3568
  • d)
    3366
  • e)
    None of the above
Correct answer is option 'E'. Can you explain this answer?
Most Upvoted Answer
The ratio between the cost price of article M and N is 11:9 respectiv...
The ratio between the cost price of article M and N is 11 : 9 respectively.
Let’s assume the cost price of article M and N is 11y and 9y respectively.
Article M was marked 35% above its cost price and while selling 20% discount was given on it.
SP of article M = 11y of 135% of (100-20)%
= 11y of 135% of 80%
= 11.88y
If the profit obtained on article M while selling is Rs. 352.
11.88y-11y = 352
0.88y = 352
y = 400
CP of article N = 9y = 3600
Selling price of article N = 3600 of 108%
= 3888
Hence, option e is the correct answer.
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The ratio between the cost price of article M and N is 11:9 respectively. Article M was marked 35% above its cost price and while selling 20% discount was given on it. If the profit obtained on article M while selling is Rs. 352, then find out the selling price of article N where 8% profit was obtained while selling.a)3672b)3444c)3568d)3366e)None of the aboveCorrect answer is option 'E'. Can you explain this answer?
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