7 Views

Question : Piyush marks the price of his article as 30 percent more than its cost price. If he sells the article for Rs. 5720 after allowing a discount of 20 percent, then what will be the cost price of the article?

Option 1: Rs. 5350

Option 2: Rs. 5000

Option 3: Rs. 5500

Option 4: Rs. 5200


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 13th Jan, 2024

Correct Answer: Rs. 5500


Solution : The selling price of the article ($SP$) = Rs. 5720
Marked price (MP) $=\frac{100}{(100-\text{discount}\%)}\times SP$
Selling price with 20% discount $=\frac{100}{100-20}\times 5720=$ Rs. 7150
So, the cost price $=\frac{100}{130}\times 7150=$ Rs. 5,500
Hence, the correct answer is Rs. 5500.

How to crack SSC CHSL

Candidates can download this e-book to give a boost to thier preparation.

Download Now

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