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Profit and Loss
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:
Rs. 45
Rs. 50
Rs. 55
Rs. 60
Correct Answer:
Rs. 60
Explanation:
(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.
12
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