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

    Question

    A shopkeeper bought an article and marked it at Rs. 650.

    By selling the article at a discount of 4%, he earns a profit of 20%. Find the cost price of the article.
    A Rs. 520 Correct Answer Incorrect Answer
    B Rs. 500 Correct Answer Incorrect Answer
    C Rs. 560 Correct Answer Incorrect Answer
    D Rs. 570 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Marked price of the article = Rs. 650 Selling price of the article = 0.96 × 650 = Rs. 624 So, cost price of the article = 624/1.2 = Rs. 520

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