Profit And Loss Ques 30
Question.
If a shopkeeper marks an item $50 \%$ above its cost price and if $12 \%$ discount is given on the marked price and the shopkeeper hence makes a profit of Rs. 256 , what will be the actual cost price of the item? (in Rs.)
(1) 1000
(2) 800
(3) 750
(4) 1200
(5) 900
IBPS RRBs Officer CWE (Prelim Exam) 04.08.2019
Show Answer
Correct Answer: (2)
Solution: (2)
Let the C.P. of article be Rs. 100.
$\therefore$ Its marked price $=$ Rs. 150
Its S.P. $=$ Rs. $\left(\frac{150 \times 88}{100}\right)$ $=$ Rs. 132
Profit $=$ Rs. $(132-100)$ $=$ Rs. 32
When profit $=$ Rs. 32 , C.P. $=$ Rs. 100
$\therefore$ When profit $=$ Rs. 256,
C.P. $=$ Rs. $\left(\frac{100}{32} \times 256\right)$ $=$ Rs. 800
BETA
