Latika bought a teapot for Rs 120 and a set of cups for Rs 400. She so

1.	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» (c) Rs 506 Explanation: Price of teapot = Rs. 120 Price of set of cups = Rs. 400 Latika sold teapot at a profit of 5% Selling price of teapot = 5/100 x 120 + 120 = 120/20 +120 = 6 + 120 = Rs.126 Also, cups were sold at a loss of 5%. Now, selling price of cups = 400 –5/100 x 400 = 400 – 20 = Rs. 380 Therefore, total amount received = Rs. 126 + Rs. 380 = Rs. 506

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»

(c) Rs 506

Explanation:

Price of teapot = Rs. 120

Price of set of cups = Rs. 400

Latika sold teapot at a profit of 5%

Selling price of teapot = 5/100 x 120 + 120

= 120/20 +120

= 6 + 120 = Rs.126

Also, cups were sold at a loss of 5%.

Now, selling price of cups = 400 –5/100 x 400

= 400 – 20

= Rs. 380

Therefore, total amount received = Rs. 126 + Rs. 380 = Rs. 506