Correct Answer - Option 1 : 3072
Given:
The price of x is 7680.
The ratio of price of x and y after price of x is increased by 15% and price of y increased by 15% is 5 : 2.
Formula used:
Profit or Gain = Selling price – Cost Price
Loss = Cost Price – Selling Price
Profit percentage = (Profit /Cost Price) × 100
Loss percentage = (Loss / Cost price) × 100
Calculation:
(7680 × 115/100)/(y × 115/100) = 5/2
⇒ 1536/y = 1/2
⇒ y = 3072
∴ price of y is Rs. 3072
