Question : A shopkeeper allows a discount of 15% on an article and still makes a profit of 20%. What does the shopkeeper pay for an article whose marked price is INR 7,200?
Option 1: INR 6,120
Option 2: INR 5,120
Option 3: INR 6,100
Option 4: INR 5,100
Correct Answer: INR 5,100
Solution : Marked price = INR 7,200 Profit = 20% Discount = 15% Formula used: $\frac{\text{Cost price}}{\text{Marked price}} = \frac{100 - \text{Discount}}{100 + \text{Profit}}$ Solution: Let the cost price be Rs. $x$. ⇒ $\frac{x}{7,200} = \frac{85}{120}$ ⇒ $x = \frac{7,200 × 85}{120}$ ⇒ $x =$ INR 5,100 So, the cost price of the article is INR 5,100. Hence, the correct answer is INR 5,100.
Result | Eligibility | Application | Selection Process | Cutoff | Admit Card | Preparation Tips
Question : After allowing a 10% discount on the marked price of an article, a dealer makes a profit of 5%. What is the marked price, if the cost price of the article is INR 300?
Question : After allowing a 10% discount on the marked price of an article, a person makes a profit of 16%. If the cost price of the article is INR 648, then its marked price is:
Question : If a shopkeeper allows a discount of 10% to his customers and still gains 30%, then the marked price of an article which costs INR 450 is:
Question : A dealer allows a 25% discount on the marked price of an article and gains 20%. If the cost price of the article increases by 20%, how much discount percentage should he allow on the marked price to earn the same percentage of profit as before?
Question : A Shopkeeper marked the price as INR 15,000 on an article, and a successive discount of 5%, 10% and 20% was allowed on it. What is the selling price?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile