9 Views

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:

Option 1: INR 910.40

Option 2: INR 835.20

Option 3: INR 751.68

Option 4: INR 826.80


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

Correct Answer: INR 835.20


Solution : Given: Cost price of the article = INR 648
Selling price at a profit of 16% = $\frac{\text{100 + profit%}}{100}\times$ Cost price
= $648\times\frac{116}{100}$
= 751.68
Also, Selling price = $\frac{\text{100 - discount%}}{100}\times$ marked price
⇒ $751.68= \frac{90}{100}\times$ marked price
⇒ The marked price = 835.2
Hence, the correct answer is INR 835.20.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books