A dealer offers a discount of 10% on the marked price of an article and still makes a profit of 20%. If its marked price is Rs. 800, then the cost price is: MCQ with Answer and Explanation
A dealer offers a discount of 10% on the marked price of an article and still makes a profit of 20%. If its marked price is Rs. 800, then the cost price is:
A. Rs. 600
B. Rs. 500
C. Rs. 650
D. Rs. 550
Answer: Option A
Solution (By JKSSB Mock Tests)
SP = 90% of 800 = 720. Profit is 20%, so SP = 1.2 * CP. 1.2 * CP = 720. CP = 720 / 1.2 = Rs. 600.
A person bought an article and sold it at a loss of 10%. If he had bought it for 20% less and sold it for Rs. 55 more, he would have had a profit of 40%. The cost price of the article is:
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