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      Question

      A shopkeeper marked an article P% above its cost price

      and sold it for Rs. 576 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 + 10)%.
      A Rs. 728 Correct Answer Incorrect Answer
      B Rs. 760 Correct Answer Incorrect Answer
      C Rs. 768 Correct Answer Incorrect Answer
      D Rs. 765 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Cost price of the article = (25/30) × 576 = Rs. 480 Marked price of the article = 480/0.8 = Rs. 720 P% = [(720 – 480)/480] × 100 = 50% Or, P = 50 Desired selling price = 480 × 1.6 = Rs. 768

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