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

    Question

    A trader marked an article 40% above its cost price and

    sold it after allowing a discount of 25%. If the transaction resulted in a profit of Rs. 30, then find the cost price of the article
    A Rs. 620 Correct Answer Incorrect Answer
    B Rs. 650 Correct Answer Incorrect Answer
    C Rs. 600 Correct Answer Incorrect Answer
    D Rs. 660 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the cost price of the article be Rs. ‘x’ Marked price of the article = x × 1.4 = Rs. ‘1.4x’ Selling price of the article = 1.4x × 0.75 = Rs. ‘1.05x’ Profit = 1.05x – x = Rs. ‘0.05x’ ATQ; 0.05x = 30 So, x = 600 Therefore, cost price of the article is Rs. 600.

    Practice Next