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
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: 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.
Candidates can download this ebook to know all about SSC CGL.
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Question : The cost of an article is Rs. 200. If 20% profit is made after giving a 20% discount on the marked price, the marked price is:
Question : A merchant marked the price of an article by increasing its production cost by 40%. Now he allows a 20% discount and gets a profit of Rs. 48 after selling it. The production cost is:
Question : A dealer marks his goods at 40% above the cost price. He sells 60% of the goods at the marked price by giving a 10% discount and the rest by giving a 50% discount on the marked price. What is his overall profit or loss percentage?
Question : When a discount of Rs. 42 is allowed on the Marked price of an article, the new reduced price becomes 86% of the original price. Find the Marked price.
Question : A shopkeeper sold an item at 10% loss after giving a discount equal to half the marked price. Then the cost price is:
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile