6 Views

Question : The cost price of an article is INR 800. After allowing a discount of 10%, a gain of 12.5% was made. The marked price of the article is:

Option 1: INR 1,300

Option 2: INR 1,200

Option 3: INR 1,000

Option 4: 1,1000


Team Careers360 9th Jan, 2024
Answer (1)
Team Careers360 10th Jan, 2024

Correct Answer: INR 1,000


Solution : Let's assume the marked price is INR $x$.
Discount = 10% of $x$ = 0.1$x$
So, the selling price after the 10% discount = $x - 0.1x = 0.9x$
Gain = 12.5% of the cost price = $\frac{12.5}{100}\times 800 = 0.125 \times800$ = INR 100
Selling Price = Cost Price + Gain = 800 + 100 = INR 900
Now, we know that the selling price after the 10% discount is also INR 900.
So, 0.9$x$ = 900
⇒ $x$ = 1000
Hence, the correct answer is INR 1,000.

SSC CGL Complete Guide

Candidates can download this ebook to know all about SSC CGL.

Download EBook

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