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

    Question

    A shopkeeper marks the price of the article in such a

    way that after allowing 28% discount, he wants a gain of 12%. If the marked price is ₹224. then the cost price of the article is:
    A ₹168 Correct Answer Incorrect Answer
    B ₹144 Correct Answer Incorrect Answer
    C ₹120 Correct Answer Incorrect Answer
    D ₹196 Correct Answer Incorrect Answer

    Solution

    Marked price = 224 Discount = 28% Selling price = 100 - 28% = 72% of the marked price = 224 × 72/100 = 161.28 Profit = 20% Cost price =161.28/112 × 100 = Rs.144

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question