New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    After offering a discount of 28 percent on the sale of

    an item, a seller made a profit of 12.5 percent. If the cost price of the item was Rs. y. What was the marked price of the item?
    A Rs. 1.6y Correct Answer Incorrect Answer
    B Rs. 1.405y Correct Answer Incorrect Answer
    C Rs. 1.625y Correct Answer Incorrect Answer
    D Rs. 1.5625y Correct Answer Incorrect Answer

    Solution

    MP/CP = (100 + P%)/(100 - D%) MP/y = (100 + 12.5)/(100 - 28) MP/y = 112.5/72 MP = 1.5625y

    Practice Next

    Relevant for Exams: