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

    Question

    A person sells an article at 10% below its cost price.

    Had he sold it for ₹332 more, he would have made a profit of 20%. What is the original selling price (in ₹) of the article?
    A 996 Correct Answer Incorrect Answer
    B 1328 Correct Answer Incorrect Answer
    C 1028 Correct Answer Incorrect Answer
    D 896 Correct Answer Incorrect Answer

    Solution

    Let the cost price of article be x. selling price = 90%x = 0.9x Now Selling = 0.9x + 332 Profit = 20 Cost price = 0.9x + 332/120 × 100 X = = 0.9x + 332/120 × 100 1.2x = 0.9x + 332 0.3x = 332 x = 332/.3 Selling price = 0.9x = 0.9 332/.3 = Rs.996

    Practice Next

    Relevant for Exams: