New One Goal, Three Exams: Strategies for Mastering RBI, SEBI, and IFSCA Exams
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Question

A shopkeeper bought article ‘A’ for Rs. ‘x’ and marked it 20% above its cost price and sold it for Rs. 1500. Marked price of article ‘B’ is Rs. 1000 more than that of article ‘A’ while selling price of article ‘B’ is Rs. 170 more than that of ‘A’. Find the cost price of article ‘A’ if article ‘B’ is sold at a discount of 20%.

A Rs. 900.25 Correct Answer Incorrect Answer
B Rs. 1006.25 Correct Answer Incorrect Answer
C Rs. 906.25 Correct Answer Incorrect Answer
D Rs. 806.25 Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Selling price of article ‘B’ = 170 + 1500 = Rs. 1670 Marked price of article ‘B’ = 1670/0.80 = Rs. 2087.5 Marked price of article ‘A’ = 2087.5 – 1000 = Rs. 1087.5 Cost price of article ‘A’ = 1087.5/1.2 = Rs. 906.25

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