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Profit and Loss

Q1:

On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:

A Rs. 45

B Rs. 50

C Rs. 55

D Rs. 60

ANS:A - Rs. 45

(C.P. of 17 balls) - (S.P. of 17 balls) = (C.P. of 5 balls)  C.P. of 12 balls = S.P. of 17 balls = Rs.720.

 C.P. of 1 ball = Rs. 720 = Rs. 60.
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