New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    A shopkeeper marked an article ‘A’ 50% above the

    cost price and sold it for Rs. 1008 after giving a certain discount while he sold an article ‘B’ for Rs. 1764. If cost price of article ‘B’ is Rs. 1260 and profit percentage earned on selling article ‘B’ is 60% more than discount percentage given on selling article ‘A’ then find the cost price of article ‘A’.
    A Rs. 620 Correct Answer Incorrect Answer
    B Rs. 635 Correct Answer Incorrect Answer
    C Rs. 960 Correct Answer Incorrect Answer
    D Rs. 896 Correct Answer Incorrect Answer
    E Rs. 825 Correct Answer Incorrect Answer

    Solution

    Percentage profit earned on selling article ‘B’ = [(1764 – 1260)/1260] × 100 = 40% So, percentage discount given on selling article ‘A’ = 40/1.60 = 25% So, marked price of article ‘A’ = 1008/0.75 = Rs. 1344 Cost price of article ‘A’ = 1344/1.50 = Rs. 896

    Practice Next