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    Question

    A seller marked an article 50% above its cost price and

    sold it after allowing 20% discount. If he made a profit of Rs. 40, then find the difference between selling price and marked price of the article.
    A Rs. 120 Correct Answer Incorrect Answer
    B Rs. 60 Correct Answer Incorrect Answer
    C Rs. 80 Correct Answer Incorrect Answer
    D Rs. 75 Correct Answer Incorrect Answer

    Solution

    Let the cost price of the article be Rs. ‘2x’
    So, marked price of the article = 2x × 1.5 = Rs. ‘3x’
    Selling price of the article = 3x × 0.8 = Rs. ‘2.4x’
    Profit = 2.4x – 2x = Rs. ‘0.4x’
    ATQ;
    0.4x = 40
    Or, x = 100
    So, marked price of the article = 100 × 3 = Rs. 300
    Selling price of the article = 100 × 2.4 = Rs. 240
    Required difference = 300 – 240 = Rs. 60

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