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    Question

    A trader marked an article 25% above its cost price and

    sold it after allowing a discount of 17%. If the transaction resulted in a profit of Rs. 36, then find the cost price of the article
    A Rs. 900 Correct Answer Incorrect Answer
    B Rs. 970 Correct Answer Incorrect Answer
    C Rs. 920 Correct Answer Incorrect Answer
    D Rs. 960 Correct Answer Incorrect Answer

    Solution

    Let the cost price of the article be Rs. ‘x’ Marked price of the article = x × 1.25 = Rs. ‘1.25x’ Selling price of the article = 1.25x × 0.83 = Rs. ‘1.0375x’ Profit = 1.0375x – x = Rs. ‘0.0375x’ ATQ; 0.0375x = 36 So, x = 960 Therefore, cost price of the article is Rs. 960.

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