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Alpha and Beta sold their fridges for ₹75,000 each. Alpha made a profit of 30%, while Beta incurred a loss of 30%. Find the ratio of the cost price of Alpha’s fridge to that of Beta’s fridge.
- 13: 7
- 7: 13
- 6:7
- 7:6
Correct answer: 7: 13
Solution
Alpha sold at a 30% profit, so his cost price is ₹75,000 ÷ 1.3. Beta sold at a 30% loss, so his cost price is ₹75,000 ÷ 0.7. Taking the ratio gives 1/1.3 : 1/0.7 = 7 : 13.
Related IBPS PO General Awareness questions
- Ram marked the price of an article 25% above its cost price and then gave a 10% discount to a customer. Find the selling price if the cost price is ₹5000.
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