New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    A shopkeeper marked an article ‘A’ 60% above

    the cost price and sold it for Rs. 2016 after giving a certain discount while he sold an article ‘B’ for Rs. 1344. If cost price of article ‘B’ is Rs. 960 and profit percentage earned on selling article ‘B’ is 60% more than discount percentage given on selling article ‘A’ then find the cost price of article ‘A’.
    A Rs. 1680 Correct Answer Incorrect Answer
    B Rs. 1600 Correct Answer Incorrect Answer
    C Rs. 1780 Correct Answer Incorrect Answer
    D Rs. 1650 Correct Answer Incorrect Answer
    E Rs. 1620 Correct Answer Incorrect Answer

    Solution

    Percentage profit earned on selling article ‘B’ = [(1344 – 960)/960] × 100 = 40% So, percentage discount given on selling article ‘A’ = 40/1.6 = 25% So, marked price of article ‘A’ = 2016/0.75 = Rs. 2688 Cost price of article ‘A’ = 2688/1.60 = Rs. 1680

    Practice Next