Question : A shopkeeper sold sarees at Rs. 266 each after giving a 5% discount on the labelled price. Had he not given the discount, he would have earned a profit of 12% on the cost price. What was the cost price of each saree?
Option 1: Rs. 280
Option 2: Rs. 260
Option 3: Rs. 240
Option 4: Rs. 250
New: SSC MTS 2024 Application Form OUT; Direct Link
Don't Miss: Month-wise Current Affairs | Upcoming Government Exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: Rs. 250
Solution : Let the labelled price be Rs. $x$ and the cost price be Rs. $y$. The shopkeeper sold the sarees at Rs. 266 each after giving a 5% discount on the labelled price. $x - 0.05x = 266$ $⇒0.95L = 266$ $⇒x = \frac{266}{0.95} = \mathrm{Rs.}\;280$ If the shopkeeper had not given the discount, he would have sold the saree at the labelled price, which would have been a 12% profit on the cost price. $y + 0.12y = x$ $⇒1.12y = 280$ $⇒y = \frac{280}{1.12} = \mathrm{Rs.}\;250$ Hence, the correct answer is Rs. 250.
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Question : Akshay has 30 articles, each having the same cost price. He marked the price of each article at 30% above its cost price. He sold 15 of the articles at a discount of 20% each, and the remaining 15 articles at a discount of 10% each, thereby gaining a total profit of Rs. 630.
Question : A shopkeeper sells an article at 20 percent profit. If he had bought it at a 10 percent less price and sold it for Rs. 48 less, then he would have earned a profit of 20 percent. What is the cost price of the article?
Question : The cost price of the box of pens is Rs. 400. The shopkeeper gave a 10% discount on the cost price. What will be the selling price?
Question : An article is sold at a 5 percent loss. If its cost price is decreased by Rs. 20 and the selling price is increased by Rs. 13, then a profit of 10 percent is earned on it. What is the original selling price of the article?
Question : The cost price of an article is Rs. 5500. It was sold at a profit of 9.09%. If the article was sold at a discount of 20%, then what is the marked price (in Rs.) of the article?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile