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    Question

    A shopkeeper marked an article P% above its cost price

    and sold it for Rs. 1080 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 + 20)%.
    A Rs. 1530 Correct Answer Incorrect Answer
    B Rs. 1500 Correct Answer Incorrect Answer
    C Rs. 1230 Correct Answer Incorrect Answer
    D Rs. 1400 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Cost price of the article = (25/30) × 1080 = Rs. 900 Marked price of the article = 1080/0.8 = Rs. 1350 P% = [(1350 – 900)/900] × 100 = 50% Or, P = 50 Desired selling price = 900 × 1.7 = Rs. 1530

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