New 55% Off on All Courses - Enroll Now! Click Here

    Question

    What should be the selling price of an article if a

    storekeeper wants to make a profit of 25%. The article was marked up by 80% above the cost price and discount allowed by the storekeeper is half of the cost price and the storekeeper still made a profit of Rs. 90?
    A Rs.325 Correct Answer Incorrect Answer
    B Rs.355 Correct Answer Incorrect Answer
    C Rs.375 Correct Answer Incorrect Answer
    D Rs.385 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let cost price of article = 100x So, marked price of article = 100x × (180/100) = 180x Discount allowed by the storekeeper = 100x × (1/2) = 50x According to the question, => (180x – 50x) – 100x = 90 => 30x = 90 => x= 3 Cost price of an article = Rs.300 Required selling price = 300 × (125/100) = Rs.375

    Practice Next

    Relevant for Exams: