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    Two mobile phones were purchased at the same price. One was sold at a profit of 20% and second was sold at a price which was INR 1520/- less than the price at which the first was sold. If the overall profit earned by selling both the mobile phones was 1%, what was the cost price of one mobile phone

  • INR 6000
  • INR 5200
  • INR 4800
  • INR 4000
  • INR 5000
  • Explanation:

    Let the cost price of one mobile = INR x

    According to question,

    x×120/100+(x×120/100-1520)=2x×101/100

    6x/5+6x/5-1520=202/100x

    12x/5-202x/100=1520

    38/100x=1520

    x=INR4000/-