Question : If a shopkeeper allows a discount of 10% to his customers and still gains 30%, then the marked price of an article which costs INR 450 is:
Option 1: INR 700
Option 2: INR 650
Option 3: INR 500
Option 4: INR 750
Correct Answer: INR 650
Solution : Given: Cost price = INR 450 Selling price = $\frac{100+\text{profit %}}{100}\times$ cost price = $\frac{100+30}{100}\times450$ = $\frac{130}{100}\times450$ = 585 Selling price = $\frac{100-\text{discount %}}{100}\times$ mark price ⇒ $585 = \frac{100-10}{100}\times$ mark price ⇒ Mark price = $\frac{585\times100}{90}$ = 650 Hence, the correct answer is INR 650.
Result | Eligibility | Application | Selection Process | Cutoff | Admit Card | Preparation Tips
Question : A person bought an article at a 30% discount on its marked price. The person then sold it at 30% profit for INR 427.70. What was the marked price of the article?
Question : A shopkeeper allows a discount of 15% on an article and still makes a profit of 20%. What does the shopkeeper pay for an article whose marked price is INR 7,200?
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:
Question : If two successive discounts, each of 20% on the marked price of an article, are equal to a single discount of INR 331.20, then the marked price (in INR) of the article is:
Question : After allowing a 10% discount on the marked price of an article, a dealer makes a profit of 5%. What is the marked price, if the cost price of the article is INR 300?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile