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

    Register

    Question

    A dealer sold an article for Rs. 288 after allowing a

    discount of 28% on its marked price. If the dealer suffered a loss of 20% in this transaction, then find the difference (in Rs.) between the cost price and the marked price of the article.
    A Rs. 45 Correct Answer Incorrect Answer
    B Rs. 42 Correct Answer Incorrect Answer
    C Rs. 40 Correct Answer Incorrect Answer
    D Rs. 48 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Marked price of the article = 288 ÷ 0.72 = Rs. 400 Cost price of the article = 288 ÷ 0.8 = Rs. 360 Required difference = 400 – 360 = Rs. 40

    Practice Next