📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    A shopkeeper marked an article P% above its cost price

    and sold it for Rs. 576 after giving a discount of 20%. If the ratio of cost price and selling price of the article is 25:30, respectively, then find the selling price if the article is sold at a profit of (P + 10)%.
    A Rs. 728 Correct Answer Incorrect Answer
    B Rs. 760 Correct Answer Incorrect Answer
    C Rs. 768 Correct Answer Incorrect Answer
    D Rs. 765 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Cost price of the article = (25/30) × 576 = Rs. 480 Marked price of the article = 480/0.8 = Rs. 720 P% = [(720 – 480)/480] × 100 = 50% Or, P = 50 Desired selling price = 480 × 1.6 = Rs. 768

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question