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

    Question

    A person purchased an article for Rs. 1800 which was

    marked up by 25% above its cost price. The discount given by seller to person was Rs. 200. By how much more price, should the seller have sold to gain 20%?
    A Rs. 120 Correct Answer Incorrect Answer
    B Rs. 100 Correct Answer Incorrect Answer
    C Rs. 130 Correct Answer Incorrect Answer
    D Rs. 150 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Marked price of the article = 1800 + 200 = Rs. 2000 Cost price of the article= 2000/1.25 = Rs. 1600 Required selling price = 1.20 times; 1600 = Rs. 1920 Required amount = 1920 ndash; 1800 = Rs. 120

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