CAT 2017 Quantitative Ability

Question : 27 of 34

Marks: +1, -0

A company instead of raising the mark-up by 20% discounted the cost price by 20% while stitching the price tag on its product. Further the company offer a discount of 6.25% to its customer. In this process company incurs a loss of Rs. 37.5 on a single article. What is the selling price of that article?

417.5
112.5
365.5
None of these

Validate

Solution:

CP = 100, then
tag price = 80
SR after discount = 75
Total loss = 25
∵ ₹ 25 are being less at CP of ₹100
∴ ₹ 37.5 are being less at CP of ₹

100/25 × 37.5 = 150

Hence, SP = 150 - 37.5 = 112.5

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