Ram sold 2 items A and B at the same price. Profit on one and incurring loss on the other. Ratio between the total S.P. of both items together and total cost price of both items together is 30 : 37. If he earns 25% profit on selling A, what was the loss incurred in selling of B in Rs. 600?

Ram sold 2 items A and B at the same price. Profit on one and incurring loss on the other. Ratio between the total S.P. of both items together and total cost price of both items together is 30 : 37. If he earns 25% profit on selling A, what was the loss incurred in selling of B in Rs. 600? Correct Answer Rs. 400

Ram sold both the items at same selling price.

Selling price of item B = Rs. 600

⇒ Selling price of item A = RS. 600

He earns 25% profit on selling item A

⇒ Cost price of item A = 600 × 100/125 = Rs. 480

Let the cost price of item B be x Rs

The ratio of selling price of both the items and the cost price of both the items is 30 ∶ 37

⇒ 1200/ (480 + x) = 30/37

⇒ x = 1000

∴ Loss incurred on selling item B = 1000 – 600 = Rs. 400

Related Questions

Each question below is followed by two statements I and II. You have to determine whether the data given in the statements are sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose the best possible answer. The combined cost of three articles in a shop is Rs.4200. Two article sold at profit of 25% and 12.5% and third article is sold such that there is a loss of Rs.630. What is the loss percentage incurred on third article. I. The difference between cost price of highest article and lowest article is Rs.600. The costliest article is sold at a loss.  II, The cheapest item is sold at 25% profit. The the price of one of that article is the average price of the cheapest and costliest item.