Question of The Day18-04-2022

A shopkeeper marks the price of an article at Rs. 200. After allowing a discount of 10%, he still gains 20% on the cost price. What is the cost price of the article?

Answer

Correct Answer : c ) Rs. 150

Explanation :

As per the question,

Marked Price (MP) = Rs. 200

Discount = 10%

Profit = 20%

Cost Price (CP) = ?

Let Cost Price (CP) be X

We know that,

Selling Price (SP) = MP - Discount

SP = 200 - (10/100) x 200

SP = 200 - 20

SP = Rs. 180

We know that,

Profit Percentage = ((SP - CP)/CP) x 100

20 = ((180 - X)/X) * 100

20/100 = 180/X - 1

120/100 = 180/X

X = 180 *100/120

X = Rs. 150

Hence, (c) is the correct answer.

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