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

    Question

    An item's label price is 40% more than its original

    price. The shopkeeper manages to earn 30% profit on it. If the label price exceeds the sale price by Rs. 210, what is the cost price?
    A 3100 Correct Answer Incorrect Answer
    B 4500 Correct Answer Incorrect Answer
    C 1000 Correct Answer Incorrect Answer
    D 2100 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the cost price be Rs. 10x

    So, marked (label) price = 10x × (1 + 40/100) = Rs. 14x

    Selling price = 10x × 1.3 = Rs. 13x

    ATQ,

    14x - 13x = 210

    ⇒ x = 210

    So, cost price = Rs. 10 × 210 = Rs. 2100

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