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A Book Seller Sold a Box of 10 Pencils for Rs. 80 and Incurred a Loss. Had He Sold It for Rs. 98, His Gain Would Have Been Twice the Loss He Incurred Earlier. the Cost Price of the Box of Pencils Is: - Mathematics

Question

MCQ

A book seller sold a box of 10 pencils for Rs. 80 and incurred a loss. Had he sold it for Rs. 98, his gain would have been twice the loss he incurred earlier. The cost price of the box of pencils is: 

Options

  • Rs. 84 

  • Rs. 86

  • Rs. 88 

  • Rs. 90 

Solution

Rs. 86

Explanation:

Let the cost price of the pencil box is ₹ x

Then, loss = (x − 80)

Profit = (98 − x) = 2 (x − 80)

3x = 98 + 160

`"x"=258/3`= 86

Hence, the cost price of the pencil box = Rs. 86

Concept: Profit and Loss (Entrance Exam)
  Is there an error in this question or solution?
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