New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

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

    sold it after allowing 10% discount. If he made a profit of Rs. 56, then find the difference between selling price and marked price of the article.
    A Rs 22 Correct Answer Incorrect Answer
    B Rs 24 Correct Answer Incorrect Answer
    C Rs 26 Correct Answer Incorrect Answer
    D Rs 28 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 × 0.9 = Rs. ‘2.7x’
    Profit = 2.7x – 2x = Rs. ‘0.7x’

    So, 0.7x = 56
    ⇒ x = 80
    Marked Price = 80 × 3 = Rs. 240
    Selling Price = 80 × 2.7 = Rs. 216
    Required difference = 240 – 216 = Rs. 24

    Practice Next

    Relevant for Exams: