Question : An item is sold at two successive gains of 30% and 20%. If the final selling price is Rs. 31,200, of the item what is the cost price (in Rs.) of the item?
Option 1: 15000
Option 2: 20000
Option 3: 22250
Option 4: 24000
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: 20000
Solution : Let $x$ be the cost price. When profit = 30%, Selling price = $x$ + 30% of $x$ = 130% of $x$ When profit = 20%, Final selling price = 130% of $x$ + 20% of 130% of $x$ = 130% of $x$ + 26% of $x$ = 156% of $x$ Final selling price = Rs. 31,200 156% of $x$ = 31,200 $\therefore x$ = $\frac{3120000}{156}$ = Rs. 20,000 Hence, the correct answer is 20,000.
Candidates can download this ebook to know all about SSC CGL.
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Question : Successive discounts of 20% and 10% are given on an item marked at Rs. 700. Find the selling price.
Question : An item costing Rs. 200 is being sold at a 10% loss. If the price is further reduced by 5%, the selling price will be:
Question : The list price of an article is Rs. 900. It is available at two discounts of 20% and 10%. The selling price of the article is:
Question : The list price (marked price) of an article is Rs. 900 and it's available at two successive discounts of 20% and 10%. The selling price of the article, in rupees, is:
Question : A shopkeeper gives two successive discounts of 7% each on the marked price of Rs. 20,000 of an article. The selling price of the article is:
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile