Question : The cost of an article is Rs. 200. If 20% profit is made after giving a 20% discount on the marked price, the marked price is:
Option 1: Rs. 300
Option 2: Rs. 320
Option 3: Rs. 420
Option 4: Rs. 450
Latest: SSC CGL Tier 1 Result 2024 Out | SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL Tier 1 Scorecard 2024 Released | SSC CGL complete guide
Suggested: Month-wise Current Affairs | Upcoming Government Exams
Correct Answer: Rs. 300
Solution : Let the marked price be Rs. 100. Discount = 20% ⇒ Selling Price = (100 – 100 × $\frac{20}{100}$) = (100 – 20) = Rs. 80 Now profit = 20% So, the cost price is = 80 × ($\frac{100}{100+20}$) = Rs. $\frac{200}{3}$ Here, Rs. $\frac{200}{3}$ is equivalent to Rs. 200. So, Rs. 100 is equivalent to ($\frac{200×100}{\frac{200}{3}})$ = Rs. 300 Hence, the correct answer is Rs. 300.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : A merchant marked the price of an article by increasing its production cost by 40%. Now he allows a 20% discount and gets a profit of Rs. 48 after selling it. The production cost is:
Question : A shopkeeper marks an article at such a price that after giving a discount of $12 \frac{1}{2} \%$ on the marked price, he still earns a profit of 15%. If the cost price of the article is Rs. 385, then the sum of the marked price and the selling price (in Rs.) of the article
Question : A megastore is offering a 20% discount on all grocery items. Sakshi bought one grocery item marked at Rs. 400. What is its cost price if the store earned a profit of 25% after giving the discount?
Question : When a discount of Rs. 42 is allowed on the Marked price of an article, the new reduced price becomes 86% of the original price. Find the Marked price.
Question : An article was sold at Rs. 950, allowing a 5% discount on the marked price. The marked price of the article is:
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile