Discount Ques 11
Question
The marked price of A is Rs. 1600 more than its cost price. When discount on A is Rs. 500, a profit of $25 \%$ is obtained. At what price should A be sold to obtain a $30 \%$ profit?
(1) Rs. 4800
(2) Rs. 5600
(3) Rs. 5400
(4) Rs. 5200
(5) Rs. 5720
(IBPS Bank PO/MT CWE-VII (Prelim Exam) 15.10.2017)
Show Answer
Answer: (5)
Solution: (5)
Let the C. P. of article be Rs. $x$.
$\therefore$ Marked price of article A $=$ Rs. $(x+1600)$
S. P. of article A $=$ Rs. $(x+1100)$
According to the question,
$\frac{x \times 125}{100}=x+1100$
$\Rightarrow \frac{5 x}{4}-x=1100$
$\Rightarrow \frac{x}{4}=1100$
$\Rightarrow x=$ Rs. 4400
To gain $30 \%$,
Required S. P. of article A $=$ Rs. $\left(\frac{4400 \times 130}{100}\right)$ $=$ Rs. 5720
BETA
