On selling 17 balls at ₹ 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is (S.S.C., 2004)
Aptitude
Profit and Loss
Difficulty: Medium
Choose an option
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A₹ 45
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B₹ 50
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C₹ 55
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D₹ 60
Answer
Correct Answer: ₹ 60
Explanation
### Concept & Logic
Loss occurs when the Cost Price is greater than the Selling Price. We can express this relationship mathematically using the quantities given in the problem.
$$ \text{Loss} = \text{Total CP} - \text{Total SP} $$
### Step-by-Step Solution
1. Let the Cost Price (CP) of 1 ball be denoted as CP.
2. The loss on selling 17 balls is equal to the CP of 5 balls.
3. According to the loss formula: Loss = CP of 17 balls - SP of 17 balls.
4. Substitute the given loss: CP of 5 balls = CP of 17 balls - SP of 17 balls.
5. Rearrange the equation to solve for SP:
$$ \text{SP of 17 balls} = \text{CP of 17 balls} - \text{CP of 5 balls} $$
$$ \text{SP of 17 balls} = \text{CP of 12 balls} $$
6. We are given that the SP of 17 balls is ₹ 720.
7. Therefore, the CP of 12 balls is also ₹ 720.
8. To find the CP of 1 ball, divide the total CP by the number of balls:
$$ \text{CP of 1 ball} = 720 / 12 $$
9. Calculate: $720 / 12 = 60$.
### Exam Strategy & Shortcut
Translate directly: $\text{Loss} = \text{CP}_{17} - \text{SP}_{17}$.
Since Loss = $\text{CP}_5$, then $\text{CP}_5 = \text{CP}_{17} - \text{SP}_{17}$.
This rearranges to $\text{SP}_{17} = \text{CP}_{12}$.
Given $\text{SP}_{17} = 720$, then $12 \times \text{CP} = 720 \Rightarrow \text{CP} = 60$.
### Common Pitfall
A standard error is adding the 5 to the 17 instead of subtracting. Since it is a loss measured in CP, the selling price represents the value of fewer balls ($17 - 5 = 12$) than were actually sold.
### Final Answer
Therefore, the correct answer is **₹ 60**.