Profit And Loss Ques 27
Question.
Lalit purchased an article from a shopkeeper who allowed a discount of $30 \%$ on the marked price of the article but charged a sales tax of $25 \%$ on the discounted price. Lalit then sold the article to Purav for Rs. 1323 and thereby earned a profit of $40 \%$ on his cost price. What is the marked price of the article?
(1) Rs. 1180
(2) Rs. 1080
(3) Rs. 1040
(4) Rs. 1160
(5) Rs. 1020
(Indian Bank PO Online Prelim Exam 06.10.2018)
Show Answer
Correct Answer: (2)
Solution: (2)
Let the marked price of article be Rs. $x$.
C.P. for Lalit $=$ Rs. $\left(\frac{7 x}{10} \times \frac{125}{100}\right)$ $=$ Rs. $\frac{7 x}{8}$
According to the question,
$\frac{7 x}{8} \times \frac{140}{100}=1323$
$\Rightarrow x=\frac{1323 \times 100 \times 8}{7 \times 140}$ $=$ Rs. 1080
BETA
