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

    Question

    A person purchased an article for Rs. 1850 which was

    marked up by 25% above its cost price. The discount given by seller to person was Rs. 300. By how much more price, should the seller have sold to gain 30%?
    A 386 Correct Answer Incorrect Answer
    B 356 Correct Answer Incorrect Answer
    C 376 Correct Answer Incorrect Answer
    D 396 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Marked price of the article = 1850 + 300 = Rs. 2150 Cost price of the article= 2150/1.25 = Rs. 1720 Required selling price = 1.30 times; 1720 = Rs. 2236 Required amount = 2236 ndash; 1850 = Rs. 386

    Practice Next