A dealer sold an article for Rs. 1056 after allowing a
discount of 40% 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.
ARs. 400Correct AnswerIncorrect Answer
BRs. 420Correct AnswerIncorrect Answer
CRs. 440Correct AnswerIncorrect Answer
DRs. 430Correct AnswerIncorrect Answer
ENone of theseCorrect AnswerIncorrect Answer
Solution
Marked price of the article = 1056 ÷ 0.6 = Rs. 1760 Cost price of the article = 1056 ÷ 0.8 = Rs. 1320 Required difference = 1760 – 1320 = Rs. 440