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

    Question

    Article ‘P’, if sold at a profit of 30% earns a

    profit of Rs. 510. If article ‘P’ is marked 60% above its cost price and then sold after offering two successive discounts of 15% and Rs. x, respectively then what would be the value of ‘x’ such that there is neither profit nor loss in the transaction?
    A 602 Correct Answer Incorrect Answer
    B 622 Correct Answer Incorrect Answer
    C 512 Correct Answer Incorrect Answer
    D 612 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the cost price of article ‘P’ = Rs. 100y Then, according to the question, 30y = 510 Or, y = (510/30) = 17 So, cost price of article = Rs. 1700 Marked price of the article = 1700 × 1.6 = 2720 Price after 1st discount of 15% = 2720 × 0.85 = 2312 So, further discount be given = 2312 – 1700 = Rs. 612 Or, x = 612

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