SSC CGL Tier II 25 Oct 2015 Paper 1

Question : 80 of 100

Marks: +1, -0

A dealer fixed the price of an article 40% above the cost of production. While selling it he allows a discount of 20% and makes a profit of Rs. 48. The cost of production (in Rs.) of the article is

Validate

Solution:

(4) Cost of production of article = Rs. 100 (let)
∴ Marked price = Rs. 140
S.P.

= {140 × 80}/{100}=

Rs. 112
∴ Profit = 112 – 100 = Rs. 12
∵ When Profit = Rs. 12
Cost of production = Rs. 100
∴ When profit = Rs. 48
Cost of production =

100/12×48=\Rs.400

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