Question
A merchant bought a product for Rs. ‘a’ and marked
it 120% above its cost price. He then sold it after giving two successive discounts of 600 and 10%, respectively, and earned a profit of Rs. a/2. Find the marked price of the product.Solution
Let Cost Price (CP) = Rs. a Marked Price (MP) after 120% markup = CP + 120% of CP = a + 1.2a = 2.2a Selling Price (SP) after both discounts = 2.2a – 600 – 0.10 * (2.2a – 600) = 1.98a – 540 According to the problem, Profit earned = Rs. a/2. Therefore, SP = CP + Profit = a + a/2 = 1.5a Or, 1.98a – 540 = a + 1.5a Or, 0.48a = 540 Or, a = 1125 Therefore, Marked price = 220% * 1125 = Rs 2475
A registered trade union can change its name with the prior consent of:
Which of the following statements are true in regards to the Ahom kingdom of Assam?
1.   Established in 1228 in the Brahmaputra valley of Ass...
Consider the following statements:
1. 42nd Constitutional Amendment Act brought about changes in the Preamble, Directive Principles and the Fun...
The sum of two numbers is 36. Five times one number is equal to 4 times the other. The greater of the two numbers is:
What is the maximum rate of compensation for permanent total disability under the Workmen’s Compensation Act?
Based on the English alphabetical order, three of the following four letter-clusters are alike in a certain way and thus form a group. Which letter-clus...
Which of the following options represents metals that do NOT react with cold water?
Anil spends 40% of his income on rent and 40% of the remaining income on medicines. If he saves ₹7,200 every month, then his monthly income is:
As per India state of forest report 2019, which of the following states has the largest forest cover (area wise)?
Which concept states that a business is separate from its owner?
Relevant for Exams:
