πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!
  • google app store apple app store
    • βœ–

      Question

      A shopkeeper originally priced an item at 60% above its

      cost price and then offered a 15% discount before selling it. If the shopkeeper had initially marked the item at 75% above the cost price and offered a 20% discount, they would have made Rs.130 more in profit. The question seeks to find the selling price of the item, considering the shopkeeper's goal of achieving a 22% profit.
      A Rs.3950 Correct Answer Incorrect Answer
      B Rs.3000 Correct Answer Incorrect Answer
      C Rs.3900 Correct Answer Incorrect Answer
      D Rs.3965 Correct Answer Incorrect Answer
      E none of these Correct Answer Incorrect Answer

      Solution

      ATQ, Let, cost price of the item is Rs. β€˜a’ Selling price of the item when it was marked 60% above the cost price and sold after giving a discount of 15% = 0.85 Γ— 1.60 Γ— a = Rs. 1.36a Selling price of the item when it was marked 75% above the cost price and sold after giving a discount of 20% = 0.80 Γ— 1.75 Γ— a = Rs. 1.4a So, 1.4a – 1.36a = 130 Or, 0.04a = 130 Or, a = 3250 Required Selling price = 1.22 Γ— 3250 = Rs.3965

      Practice Next
      More Profit and loss Questions

      Relevant for Exams:

      ask-question