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The cost price of B is ₹180 more than the cost price of A. A is sold at a profit of 20% and B is sold at a loss of 40%. If the ratio of the selling prices of A and B is 5:4, what is the cost price of A?
- ₹400
- ₹300
- ₹360
- ₹350
Correct answer: ₹300
Solution
Let the cost price of A be x, so the cost price of B is x + 180. Then selling price of A = 1.2x and selling price of B = 0.6(x + 180). Given 1.2x : 0.6(x + 180) = 5 : 4, solving gives x = 300.
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