Abhi bought two articles for Rs624 He sold one at a loss of 14 and the other at a profit of 14 If th...........

Quantitative Aptitude (CGL) Profit and loss

Abhi bought two articles for Rs624. He sold one at a loss of 14% and the other at a profit of 14%.If the selling price of both the

articles is equal, then the difference between their cost prices (in Rs)is:

This questions was previously asked in

SSC CGL 6 June 2019 Shift-2

89.64

87.36

89.68

88.84

To solve the problem, let's break it down:

- Abhi bought two articles for a combined cost of Rs 624.

- One article was sold at a 14% loss, while the other gained a 14% profit.

- The selling prices of both articles are equal.

Let's assume:

- Cost price of the first article = Rs x.

- Cost price of the second article = Rs (624 - x).

For the first article with a 14% loss:

- Selling price = x - 0.14x = 0.86x.

For the second article with a 14% profit:

- Selling price = (624 - x) + 0.14(624 - x) = 1.14(624 - x).

Since both selling prices are equal:

- 0.86x = 1.14(624 - x).

By solving this equation, the difference between the cost prices is found to be approximately Rs 87.36.

Correct Answer: Option 2 - 87.36

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