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    Question

    Cost price of an article is 25% less than its marked

    price of article. The item is then sold for Rs. 5,950, achieving a profit margin of (40/3)%. Calculate the discount provided on the marked price.
    A Rs. 1500 Correct Answer Incorrect Answer
    B Rs. 750 Correct Answer Incorrect Answer
    C Rs. 900 Correct Answer Incorrect Answer
    D Rs. 1050 Correct Answer Incorrect Answer
    E Rs. 1250 Correct Answer Incorrect Answer

    Solution

    Let the marked price of article be Rs. '100b'. Cost price of article = 0.75 X 100b = Rs. '75b' Selling price of article = (340/3) % of 75b = (17/15) X 75b = Rs. '85b' So, 85b = 5,950 Or, 'b' = (5,950/85) = 70 Required discount = Rs. (100b - 85b) = Rs. '15b' = Rs. (15 X 70) = Rs. 1050

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