10 Views

Question : A megastore is offering a 20% discount on all grocery items. Sakshi bought one grocery item marked at Rs. 400. What is its cost price if the store earned a profit of 25% after giving the discount?

Option 1: Rs. 256

Option 2: Rs. 280

Option 3: Rs. 380

Option 4: Rs. 320


Team Careers360 24th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Rs. 256


Solution : Let the cost price be $x$.
Marked price, MP = Rs. 400
Profit % gained = 25%
Selling price, SP after 20% discount = MP – $\frac{20}{100}$MP
⇒ SP = 400 – $\frac{20}{100}\times$ 400
⇒ SP = Rs. 320
Also, Profit percentage = $\frac{\text{Selling price – Cost price}}{\text{Cost price}}×100$
$⇒ 25 = \frac{320-x}{x}\times 100$
$⇒ 125 × x = 32000$
$\therefore x = 256$
Hence, the correct answer is Rs. 256.

SSC CGL Complete Guide

Candidates can download this ebook to know all about SSC CGL.

Download EBook

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books