Apedia Logo Apedia
Join

Choose Language

Select your preferred reading language
🇬🇧
English
✔
🇮🇳
हिन्दी
✔
✕
Full View
Arithmetic
Profit, Loss and Discount
EN हिंदी
✕
NTPC Graduate Tier 1 2016 Shift 2 📅 02 Apr, 2016

A shopkeeper marks the price of an article at Rs. 320. Find the cost price if after allowing a discount of 10%, he still gains 20% on the cost price.

A
Rs. 240
B
Rs. 280
C
Rs. 300
D
Rs. 264
Result Summary
Logo

APEDIA

NTPC Graduate Tier 1
2016 • 02 Apr, 2016 • Shift 2
A shopkeeper marks the price of an article at Rs. 320. Find the cost price if after allowing a discount of 10%, he still gains 20% on the cost price.
Correct Answer
Rs. 240
Selling Price Calculation: The marked price (MP) is Rs. 320. A 10% discount is given on this MP. Discount = 10% of 320 = Rs. 32. Selling Price (SP) = 320 - 32 =......
Ref/Book : NTPC Graduate Tier 1 2016
Ref. Subject Arithmetic
Chapter -
Ref. Topic Profit, Loss and Discount
Pg. No -
💡 Analysis & Explanation
Selling Price Calculation ▼
The marked price (MP) is Rs. 320. A 10% discount is given on this MP. Discount = 10% of 320 = Rs. 32. Selling Price (SP) = 320 - 32 = Rs. 288.
Cost Price Linking ▼
The shopkeeper makes a 20% profit on the Cost Price (CP) when selling at Rs. 288. Therefore, SP = CP + 20% of CP = 1.2 * CP.
Final Execution ▼
1.2 * CP = 288. CP = 288 / 1.2 = 240.
Conclusion ▼
The initial cost price of the article is Rs. 240.
← Prev
68 / 100
Next →