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Question

Latika bought a teapot for ₹120 and a set of cups for ₹400. She sold teapot at a profit of 5% and cups at a loss of 5%. The amount received by her is ________ .

A
₹494
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B
₹546
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C
₹506
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D
₹534
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Solution

The correct option is C ₹506
Latika bought a teapot = ₹120
and a set of cups = ₹400
She sold teapot at a profit of 5%.
So, selling price of teapot =5100×120+120
=12020+120
= 6 + 120 = ₹126
Also, she sold cups at a loss of 5%.
So, selling price of cups =4005100×400
= 400 - 20 = ₹380
Then, the total amount received by her = ₹126 + ₹380 = ₹506

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