Madhya Pradesh Police Exam Model Paper 5

Question : 62 of 100

Marks: +1, -0

The marked price of a article is Rs. 4000. If the shopkeeper sold the article at 10% discount but still got a profit of 20%, find the cost price of the article.

Rs. 3200
Rs. 2880
Rs. 3000
Rs. 3300

Validate

Solution:

Tips & Tricks
Given:
Marked price = Rs. 4000
Discount = 10%
Profit = 20%
Formula used:
SP = MP × [(100 – Discount%)/100]
CP = SP × [100/(100 + Gain%)]
Calculation:
SP

= Rs. 4000 × (90{/}100)

⇒ Rs. 3600
CP

= Rs. 3600 × (100{/}120)

⇒ Rs. 3000
∴ The cost price of article is Rs. 3000

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