📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • âś–

      Question

      A shopkeeper marks up an item by 25%. If he

      increases the discount from 9% to 13%, the profit will decrease by Rs. 50. Find the selling price of the item in order to earn a profit of 35%.
      A Rs. 3920 Correct Answer Incorrect Answer
      B Rs.1856 Correct Answer Incorrect Answer
      C Rs. 3172 Correct Answer Incorrect Answer
      D Rs. 3170 Correct Answer Incorrect Answer
      E Rs. 1350 Correct Answer Incorrect Answer

      Solution

      Let, cost price of item be Rs. x.
      So, mark price = Rs. 1.25x
      According to question,
      1.25x [0.91 – 0.87] = 50
      1.25x = 1250
      x = 1000
      Therefore, required selling price = 1000 × 1.35 = Rs. 1350

      Practice Next
      ask-question