Attempt this Profit and Loss Question of 8 November 2021

Question of The Day08-11-2021

A shopkeeper marked his good 25% above selling price and offers the discount of ₹495 yet he get 10% profit. Find the cost price of the article.

Answer

Correct Answer : a ) ₹3300

Explanation :

According to the question

Let the cost price (CP) of article be 100x units

Shopkeeper marks his good 25% above CP

⇒ Marked price (MP) = 100x + 25% of 100x

⇒ MP = 125x units

Shopkeeper makes the profit of 10%

We know that

Selling price (SP) = Cost price(CP) + profit

SP = 100x + 10% of 100x

⇒ SP = 110x ……….(1)

Also,

Selling price = marked price – discount

⇒Selling price = 125 x – 495….(2)

Equating equation (1) and (2)

⇒125 x – 495 = 110x

⇒ 15x = 495

⇒ x = ₹ 33

Cost price of the Article = 100x

⇒ 100 * 33

⇒₹3300

Hence, (a) is the correct answer.

0 LIKES

COMMENTS

Comments

Share QOTD

Current-Affairs

Attempt Daily Current
Affairs Quiz

Attempt Quiz

Nov 17

Word Of The Day

Palmy

Something that is flourishing or marked by prosperity

Abounding in or shaded with palms

"I have known her since her palmy days when she was living in Delhi."

Popular Blog

Paris Olympics 2024: Brief History of Olympics, Winners at Paris Olympics, Related Facts

Major Highlights of the Union Budget 2024-25

Highlights of Union Budget 2024-25

Major Highlights of the Interim Union Budget 2024-25

Highlights of Interim Budget 2024

150+ Paryayvachi Shabd in Hindi - पर्यायवाची शब्द

Daily Current Affairs and GK | 17 and 18 November 2024

Daily Current Affairs and GK | 16 November 2024

Daily Current Affairs and GK | 15 November 2024

Daily Current Affairs and GK | 14 November 2024

Daily Current Affairs and GK | 13 November 2024

Banking Awareness of 13, 14 and 15 November 2024

Banking Awareness of 10, 11 and 12 November 2024

Banking Awareness of 8 and 9 November 2024

Banking Awareness of 5, 6 and 7 November 2024

Banking Awareness of 2, 3 and 4 November 2024