New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    A shopkeeper bought an article and marked it at Rs. 560.

    By selling the article at a discount of 4%, he earns a profit of 20%. Find the cost price of the article.
    A Rs. 448 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. 560 Selling price of the article = 0.96 × 560 = Rs. 537.6 So, cost price of the article = 537.6/1.2 = Rs. 448

    Practice Next