Question

    A trader marks a product 50% above its cost price and

    gives a discount of 20% on the marked price. If the selling price of 4 such products is Rs. 3840, find the cost price of one product.
    A Rs.560 Correct Answer Incorrect Answer
    B Rs.800 Correct Answer Incorrect Answer
    C Rs.900 Correct Answer Incorrect Answer
    D Rs.614 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Selling price of one product = 3840 / 4 = Rs. 960 So, marked price of the product = 960 / 0.80 = Rs. 1200 Cost price of the one product = 1200 / 1.5 = Rs. 800

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