Question : A dealer buys an article listed at INR 3,000 and gets successive discounts of 15% and 15%. He spends INR 250 on transportation and sells it at a profit of 20%. Find the selling price of the article.
Option 1: INR 3,300
Option 2: INR 2,901
Option 3: INR 3,250
Option 4: INR 3,200
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: INR 2,901
Solution : Given, Marked price = INR 3000 Discounts = 15% and 15% The cost of transportation = INR 250 Required profit = 20% SP = $\frac{100 - \text{Discount %}}{100}$ × MP Where SP is the selling price and MP is the marked price So, the SP = $3000 × \frac{100 - 15}{100} × \frac{100 - 15}{100}$ = $3000 × \frac{85}{100} × \frac{85}{100}$ = $\frac{3 × 85 × 85}{10}$ = INR 2167.50 Now, the total cost (CP) = 2167.50 + 250 = INR 2417.5 Also, SP = CP × $\frac{100 + \text{Profit %}}{100}$ = 2417.5 × $\frac{100 + 20}{100}$ = 2417.5 × $\frac{120}{100}$ = INR 2901 Hence, the correct answer is INR 2,901.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : An article is listed at Rs. 2375. A man purchases it at two successive discounts of 50% and 25% and spends Rs. 165 on the repair of the article. If he sells the article at a profit of 62.5%, what is the selling price (in rupees) of the article?
Question : A dealer marks an article 60% above the cost price and sells it to a customer allowing two successive discounts of 10% and 20% on the marked price. If he gains INR 1,064 in the transaction, the cost price (in INR) of the article is:
Question : A shopkeeper makes a net profit of 44% on selling an article at successive discounts of 10% and 20%. Find the net profit percentage, if the shopkeeper sells the same article at a discount of 15%.
Question : The marked price of an article is INR 50,000. Of three shopkeepers, the first one allows two successive discounts of 25% and 15%. The second one allows two successive discounts of 20% and 20%. The third shopkeeper allows two successive discounts of 30% and 10%.
Question : An article is sold for INR 54,120 after two successive discounts of 12 percent and 18 percent. What is the marked price of the article?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile