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?
Option 1: INR 1050
Option 2: INR 1230
Option 3: INR 1440
Option 4: INR 1160
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: INR 1050
Solution : List price = INR 1800 Discount = 30% of list price = 0.3 × 1800 = 540 Selling price = List price – Discount = 1800 – 540 = INR 1260 Profit = 20% of cost price Cost price = selling price – profit Cost price = 1260 – 20% of cost price 120% of cost price = 1260 Cost price = $\frac{1260}{1.2}$ = INR 1050 Hence, the correct answer is INR 1050.
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
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?
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 : Vishal sells a bag at a profit of 40%. If Vishal's profit is INR 880, then what is the cost price of the bag?
Question : The marked price of a pen is 25% more than its cost price. The pen is sold for INR 220 after a discount of INR 30. What is the profit percentage?
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.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile