32 Views

Question : The ratio of the cost price (CP) and marked price (MP) of an article is 4 : 7. A discount of 20% is given on MP and the shopkeeper makes a profit of INR 80. Find the CP of the article.

Option 1: INR 190

Option 2: INR 170

Option 3: INR 200

Option 4: INR 180


Team Careers360 22nd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: INR 200


Solution : Let the cost price and marked price of an article be $4x$ and $7x$.
Selling price after 20% discount on marked price = $\frac{(100-20)}{100}\times 7x = 5.6x$
Selling price after profit of INR 80 on cost price = $4x + 80$
According to the question,
$5.6x=4x+80$
$⇒1.6x=80$
$⇒x=50$
$\therefore$ Cost price $=4x=4×50=200$
Hence, the correct answer is INR 200.

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