πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

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

      increases the discount from 6% to 8%, the profit will decrease by Rs. 23. Find the selling price of the item in order to earn a profit of 22%.
      A Rs. 2214 Correct Answer Incorrect Answer
      B Rs.1122.40 Correct Answer Incorrect Answer
      C Rs. 3170 Correct Answer Incorrect Answer
      D Rs. 2610 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 [0.94 – 0.92] = 23
      1.25x = 1150
      x = 920
      Therefore, required selling price = 920 × 1.22 = Rs. 1122.40

      Practice Next
      ask-question