New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    An article is marked 50% above its cost price and sold

    after offering a discount of Rs. 50 such that its selling price is Rs. 120 more compared to its selling price when it is marked Rs. 80 above its cost price and sold after allowing a discount of 15%. Find the cost price of the article.
    A 366 Correct Answer Incorrect Answer
    B 375 Correct Answer Incorrect Answer
    C 360 Correct Answer Incorrect Answer
    D 320 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of the article = Rs. '100a' According to the question, (100a X 1.5 - 50) - 120 = (100a + 80) X 0.85 Or, 150a - 170 = 85a + 68 Or, 65a = 238 Or, 'a' = 3.66 Therefore, the cost price of the article = 3.66 × 100 = Rs.366

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