New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    A shopkeeper marked an article Rs. 850 above its cost price and sold it after giving a discount of 30% and earned a profit of 20%. Find the cost price of the article

    A Rs. 1100 Correct Answer Incorrect Answer
    B Rs. 1170 Correct Answer Incorrect Answer
    C Rs. 1090 Correct Answer Incorrect Answer
    D Rs. 1190 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let cost price of the article is Rs. 100x So, 1.2 × 100x = 0.7 × (100x + 850) Or, 112x = 70x + 595 Or, 50x = 595 Or, x = 11.9 Cost price of the article = 100 × 11.9 = Rs. 1190

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