Question

Question 13

Latika bought a teapot for Rs 120 and a set of cups for Rs 400. She sold teapot at a profit of 5% and cups at a loss of 5%. The amount received by her is
(a) Rs 494
(b) Rs 546
(c) Rs 506
(d) Rs 534

Answer 1

Latika bought a teapot = Rs 120
and a set of cups = Rs 400
She sold teapot at a profit of 5%.
So, selling price of teapot $=\frac{5}{100}\times 120+120$
$=\frac{120}{20}+120$
= 6 + 120 = Rs 126
Also, she sold cups at a loss of 5%.
So, selling price of cups $=400-\frac{5}{100}\times 400$
= 400 - 20 = Rs 380
Then, the total amount received by her = Rs 126 + Rs 380 = Rs 506