| The cost prices of two tables are same. One is sold at a profit of 20% and the other for Rs. 335 more than the first one. If the overall profit earned after selling the tables is 24%, then what is the cost price of each table? |
| [SBI (SO) 2016] |
A) Rs. 4400
B) Rs. 3500
C) Rs. 4800
D) Rs. 4187.5
E) Rs. 3820
Correct Answer: D
Solution :
| Let the cost price of each table be Rs. x. |
| Selling price of 1st table = 1.2 x |
| and selling price of 2nd tables 1.2 x + 335 |
| According to the question, |
| \[\frac{(1.2x+1.2x+335)-2x}{2x}\times 100=24\] |
| \[\Rightarrow \] \[(2.4x+335-2x)=\frac{48x}{100}=0.48x\] |
| \[\Rightarrow \] \[0.4x+335-0.48x=0\] |
| \[\Rightarrow \] \[-0.08x=-335\] |
| \[\Rightarrow \] \[x=\frac{335}{0.08}=Rs.\,4187.5\] |
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