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

    Question

    An article is marked 35% above its cost price and sold

    after offering a discount of Rs. 70 such that its selling price is Rs. 90 more compared to its selling price when it is marked Rs. 60 above its cost price and sold after allowing a discount of 20%. 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 378 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of the article = Rs. '100b' According to the question, (100b X 1.35 - 70) - 90 = (100b + 60) X 0.80 Or, 135b - 160 = 80b + 48 Or, 55b = 208 Or, 'b' = 3.78 Therefore, the cost price of the article = 3.78 X 100 = Rs. 378

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