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    Question

    If an article is marked 60% above the cost price. If

    discount of x% is given on the marked price of the article then final profit of 12% is obtained. Now if CP of a new article is Rs.120 and x% profit is desired then what should be the selling price of that new article?
    A Rs.156 Correct Answer Incorrect Answer
    B Rs.192 Correct Answer Incorrect Answer
    C Rs.168 Correct Answer Incorrect Answer
    D Rs.180 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let CP = 100 and MP = 160 SP = 160 ├Ч (100 тАУ x)/100 SP = (8/5) ├Ч (100 тАУ x) SP = 160 - 8x/5 According to question, => (160 тАУ 8x/5) ├Ч 100/112 = 100 => (160 тАУ 8x/5) = 112 => x = 30% Now, => SP = (130/100) ├Ч 120 => SP =┬аRs. 156 Alternate method: => +60 тАУ x тАУ (60x/100) = +12 => -160x/100 = - 48 => x = 30% Now, => SP = (130/100) ├Ч 120 => SP =┬аRs. 156

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