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

    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.
    A Rs.625 Correct Answer Incorrect Answer
    B Rs.512 Correct Answer Incorrect Answer
    C Rs.500 Correct Answer Incorrect Answer
    D Rs.256 Correct Answer Incorrect Answer

    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.

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