New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Amit sold an electric iron for ₹ 5312 after giving a

    discount of 17% on the market price. Had he not given the discount, he would have earned a profit of 28% what is the cost price (in ₹) of the electric iron?
    A 2250 Correct Answer Incorrect Answer
    B 5000 Correct Answer Incorrect Answer
    C 2675 Correct Answer Incorrect Answer
    D 1800 Correct Answer Incorrect Answer

    Solution

    Let Market Price =100 After 17% discount selling price =100-17=83 ATQ- 83=5312 1=64 100=6400. Had he not given the discount, he would have earned a profit of 28%=100+28=128 128=6400 1= (6400)/128=50 100=5000

    Practice Next

    Relevant for Exams: