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

    Question

    An item is priced 40% above its cost price. It's sold

    for Rs. 2268, after applying a discount of x%, and this sale results in a 12% profit. Determine the value of 'x'.
    A 12% Correct Answer Incorrect Answer
    B 25% Correct Answer Incorrect Answer
    C 20% Correct Answer Incorrect Answer
    D 18% Correct Answer Incorrect Answer
    E 24% Correct Answer Incorrect Answer

    Solution

    Let the cost price of the article be Rs. a Therefore, 1.12a = 2268 Or, a = 2268/1.12 = 2025 Therefore, marked price of the article = 1.4 × 2025 = Rs. 2835 Therefore, discount percentage = {(2835 – 2268)/2835} × 100 = 20% Hence, option c.

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