Question : A trader allowed a discount of 20% on a trolley bag having a list price of Rs. 4,296 and earns a profit of 20%. What is the cost price of the trolley bag?
Option 1: Rs. 2,572
Option 2: Rs. 2,500
Option 3: Rs. 3,026
Option 4: Rs. 2,864
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. 2,864
Solution : Given: A trader allowed a discount of 20% on a trolley bag having a list price of Rs. 4,296 and earns a profit of 20%. Selling price = 20% discount on 4296 = $4296\times (1–\frac{20}{100})=0.8\times 4296 =$ Rs. 3,436 Let the cost price of the trolley bag be Rs. $x$. According to the question, $x(1+\frac{20}{100})= 3436$ ⇒ $x\times 1.2=3436$ ⇒ $x=$ Rs. 2,864 Hence, the correct answer is Rs. 2,864.
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Question : A trader allowed a discount of 25 percent on a trolley bag having a list price of Rs. 1488 and earns a profit of 20 percent. What is the cost price of the trolley bag?
Question : A trader allowed a discount of 30% on a trolley bag having a list price of INR 1800 and earns a profit of 20%. What is the cost price of the trolley bag?
Question : A merchant purchases a wristwatch for Rs. 450 and fixes its list price in such a way that, after allowing a discount of 10%, he earns a profit of 20%. Find the list price of the watch.
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 merchant purchases a wristwatch for Rs. 450 and fixes its list price in such a way that after allowing a discount of 10%, he earns a profit of 20%. Then the list price of the watch is:
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile