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

    Question

    An article is initially marked 22% above its cost price.

    After offering a discount of ₹210 on the marked price, the seller earns a profit of 8%. What would the selling price of the article need to be in order to achieve a profit of 33%?
    A Rs. 1,928.50 Correct Answer Incorrect Answer
    B Rs. 2,021.60 Correct Answer Incorrect Answer
    C Rs. 1,995.00 Correct Answer Incorrect Answer
    D Rs. 1,729.00 Correct Answer Incorrect Answer

    Solution

    Let the cost price of the article = Rs. '100x' According to the question, 100x X 1.22 - 210 = 100x X 1.08 Or, 122x - 210 = 108x So, x = 210 ÷ 14 = 15 Cost price of the article = 15 X 100 = Rs. 1,500 Desired selling price = 1500 X 1.33 = Rs. 1,995

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