Question : A shopkeeper allows a discount of 12% to his customers and still gains 18%. Find the marked price of an article which costs Rs. 528 to the shopkeeper. (Answer to the nearest rupees)
Option 1: Rs. 728
Option 2: Rs. 708
Option 3: Rs. 695
Option 4: Rs. 798
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. 708
Solution : Let the marked price (MP) of the article be $x$. The cost price (CP) is given as Rs. 528. The shopkeeper allows a discount of 12%, so the selling price (SP) after the discount is: $SP=x−0.12x=0.88x$ The shopkeeper still gains 18%, so the selling price is also related to the cost price by: $SP=CP+0.18\times CP=1.18\times CP$ ⇒ $0.88x=1.18\times 528$ ⇒ $0.88x=623.04$ ⇒ $x=708$ Hence, the correct answer is Rs. 708.
Candidates can download this ebook to know all about SSC CGL.
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Question : What will be the cost price of the goods if a shopkeeper allows a discount of 10% on the marked price of Rs. 100 and gains 8% (rounded off to the nearest integer)?
Question : A shopkeeper marks his goods in such a way that after allowing a discount of 22%, he gains 20%. If the cost price of the article is Rs. 650, its marked price is:
Question : A shopkeeper marks an article at such a price that after giving a discount of $12 \frac{1}{2} \%$ on the marked price, he still earns a profit of 15%. If the cost price of the article is Rs. 385, then the sum of the marked price and the selling price (in Rs.) of the article
Question : An article was sold at Rs. 950, allowing a 5% discount on the marked price. The marked price of the article is:
Question : A shopkeeper is allowed a 20% discount on the marked price of his articles. Find the marked price of an article, for which he charges Rs. 740.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile