Question

The total CP of 2 items is Rs.1200. If the CP of the first one is 1.5 times the CP of the other and the 2nd item is sold for Rs.520/- find the profit or loss % in selling the 2nd one?
a. 4 % profit b. 8.33 % profit c. 10 % profit
d. 12.5% profit​

Answer 1

Answer:

b. 8.33% profit

Step-by-step explanation:Given that,

The total CP of 2 items is Rs.1200 and the CP of the first one is 1.5 times the CP of the other.

Let assume that,

Cost Price of second item be Rs x

So, cost price of first item is Rs 1.5 x

According to statement, the total cost price of 2 items is Rs 1200.

So, we have

Cost Price of second item = Rs 480.

Now, Further given that,

Selling Price of second item = Rs 520

Since, Selling Price > Cost Price

So, it means, there is Profit in this transaction.

We know,

So, on substituting the values, we get

So, option (b) is correct.