Question

Aashi buys two bags for a total cost of Rs. 1000. By selling one for 5/6^th of its cost and the other for 6/5^th of its cost, the total profit earned by her is Rs. 68. What is the cost of the higher priced bag?

• A. Rs. 640
• B. Rs. 540
• C. Rs. 700
• D. Rs. 720
• E. None of these

Answer 1

The correct option is A Rs. 640

Let the cost price of the bag be Rs. x

Cost price of another bag = Rs. 1000 – x

According to the question,

x × 5/6 + (1000 – x) × 6/5 = 1000 + 68

⇒ 5x/6 + 1200 – 6x/5 = 1068

⇒ 11x/30 = 1200 – 1068

⇒ 11x/30 = 132

⇒ x = 360

Cost of the higher priced bag = 1000 – 360 = Rs. 640

Hence, option A is correct.