Question
A shopkeeper marked an article
60% above the cost price and sold it after giving a discount of 20%. Had he sold the article without giving any discount, then he would have earned a profit of 240. Find the original selling price of the article.Solution
ATQ,
Let the cost price of the article be Rs. x. Marked price of the article = 1.60 × x = Rs. 1.60x Selling price of the article = 0.80 × 1.60x = Rs. 1.28x Profit if sold without a discount: 1.60x - x = 240 Or, 0.60x = 240 Or, x = 400 Selling price of the article = 1.28 × 400 = Rs. 512.
More Profit and loss Questions
Deferred Tax Liabilities’ is shown under which of the following heads in a Balance sheet as per the format given in Companies Act, 2013?
What is the corporate tax rate for domestic companies in India?
As per the revision in GST rates under the GST reforms introduced by the government in 2025, the new GST tax slabs are ____
The stock market indices NIFTY and SENSEX are calculated on the basis of which of the following?
