A person marked up two articles, A & B, 20% & 25%, respectively, above their cost price & gave a discount of 15% on A & 10% on B. The difference between the selling prices of both the articles is Rs 618. Find the cost price (in Rs) of article B if the ratio of the cost prices of A & B is 4:5, respectively.
Correct Answer :
2000
Solution :
The correct option is 2000.
Step 1: Express the Cost Prices in terms of a variable
The ratio of the cost prices of articles A and B is given as 4 : 5.
Let the cost price of article A () be and the cost price of article B () be .
Step 2: Calculate the Marked Price (MP) for both articles
Article A is marked up by 20% above its cost price:
Article B is marked up by 25% above its cost price:
Step 3: Calculate the Selling Price (SP) for both articles
A discount of 15% is given on article A:
A discount of 10% is given on article B:
Step 4: Equate the difference between the selling prices
The difference between the selling prices of the two articles is given as Rs 618:
Step 5: Determine the cost price of Article B
Substitute the value of back into the expression for :
Hence, the cost price of article B is Rs 2000.
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