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

    Question

    A shopkeeper marked an article P% above its cost price

    and sold it for Rs. 480 after giving a discount of 20%. If the ratio of cost price and selling price of the article is 25:30, respectively, then find the selling price if the article is sold at a profit of (P + 8)%.
    A Rs. 622 Correct Answer Incorrect Answer
    B Rs. 642 Correct Answer Incorrect Answer
    C Rs. 632 Correct Answer Incorrect Answer
    D Rs. 612 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Cost price of the article = (25/30) × 480 = Rs. 400 Marked price of the article = 480/0.8 = Rs. 600 P% = [(600 – 400)/400] × 100 = 50% Or, P = 50 Desired selling price = 400 × 1.58 = Rs. 632

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