LIC AAO Model Paper 9

Question : 37 of 160

Marks: +1, -0

A shopkeeper marked the price of an article 12.5% more than its cost price. Mr. Sharma purchased die same article at a discount of 20% on the marked price of the article but also paid VAT of 12% on the discounted price. Mr. Sharma then gave the article to his cousin for Rs. 5200 and thereby earned a profit of 30% on the original cost price of the product. At what price did Mr. Sharma purchase the article from the shopkeeper ?

Rs. 4400
Rs. 4500
Rs. 4000
Rs. 4132
Rs. 4032

Validate

Solution:

For the shopkeeper, C.P. of article
= Rs.

({100}/{130}×5200)

= Rs. 4000
Marked price of article =

{4000×112.5}/{100}

= Rs. 4500
For Mr. Sharma, Discounted price of article
= Rs.

(4500×{80}/{100})

= Rs. 3600
∴ Actual C.P. of article
= Rs. (3600 + 3600 ×

{12}/{100}

)
= Rs. (3600 + 432)
= Rs. 4032

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