New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    A merchant sets the price of an item Rs. 6,000 higher

    than its original cost and offers a discount of 16(2/3) %. As a result, the merchant makes a 25% profit. Determine the original cost of the item.
    A Rs. 8,000 Correct Answer Incorrect Answer
    B Rs. 12,000 Correct Answer Incorrect Answer
    C Rs. 17,000 Correct Answer Incorrect Answer
    D Rs. 15,000 Correct Answer Incorrect Answer

    Solution

    Let, the cost price of the item be Rs. '100x'. ATQ, 1.25 X 100x = (5/6) X (100x + 6000) Or, 125x X 6 = 500x + 30000 Or, 750x - 500x = 30000 Or, 250x = 30000 Or, x = (30000/250) = 120 So, the cost price of the item = 100x = 100 X 120 = Rs. 12,000

    Practice Next

    Relevant for Exams: