New Enroll in RBI Grade B New Batch - Starts on May 21

    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

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