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    Question

    A shopkeeper bought an article and marked it at Rs. 350.

    By selling the article at a discount of 4%, he earns a profit of 20%. Find the cost price of the article.
    A Rs. 250 Correct Answer Incorrect Answer
    B Rs. 270 Correct Answer Incorrect Answer
    C Rs. 280 Correct Answer Incorrect Answer
    D Rs. 220 Correct Answer Incorrect Answer

    Solution

    Marked price of the article = Rs. 350 Selling price of the article = 0.96 × 350 = Rs. 336 So, cost price of the article = 336/1.2 = Rs. 280

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