Question

    A shopkeeper marked his goods 32% above the cost price

    and earned a profit of Rs. 14 after selling it by giving a discount of 20%. Find the cost price of the article
    A Rs. 200 Correct Answer Incorrect Answer
    B Rs. 270 Correct Answer Incorrect Answer
    C Rs. 250 Correct Answer Incorrect Answer
    D Rs. 240 Correct Answer Incorrect Answer

    Solution

    Let cost price of the article is Rs. ‘x’ Marked price of the article = 1.32 × x = Rs. 1.32x Selling price of the article = 0.8 × 1.32x = Rs. 1.056x So, 1.056x – x = 20 Or, 0.058x = 20 Or, x = 250 So, cost price of the article = Rs. 250

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question