Question

    A shopkeeper bought an article for Rs. 200. He sold it at profit 30% after allowing a discount of 60%. If instead he had sold it at 20% discount, then find the new selling price of the article.

    A Rs. 520 Correct Answer Incorrect Answer
    B Rs. 552 Correct Answer Incorrect Answer
    C Rs. 512 Correct Answer Incorrect Answer
    D Rs. 542 Correct Answer Incorrect Answer

    Solution

    Selling price of the article = 200 × 1.3 = Rs. 260 Marked price of the article = 260 ÷ 0.4 = Rs. 650 New selling price of the article = 650 × 0.8 = Rs. 520

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