📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      A shopkeeper marks an article at Rs 500. He allows a

      discount of 10% on the marked price but still makes a profit of 20% on the cost price. Find the cost price of the article.
      A 395 Correct Answer Incorrect Answer
      B 320 Correct Answer Incorrect Answer
      C 375 Correct Answer Incorrect Answer
      D 400 Correct Answer Incorrect Answer

      Solution

      Marked Price (MP) = 500 Discount = 10% of 500 = 50 Selling Price (SP) = 500 − 50 = 450 Let Cost Price (CP) = C. Given profit = 20% of CP ⇒ SP = 1.2C So 1.2C = 450 C = 450 / 1.2 = 450 × (10/12) = 450 × (5/6) = 375

      Practice Next
      More Profit and loss Questions

      Relevant for Exams:

      ask-question