Profit and Loss - Quantitative Aptitude (MCQ) questions for Q. 21566

Q.  An article costs Rs. 600. What should be the marked price of an article so that after 10% discount, the trader makes 20% profit?
- Published on 06 May 16

a. Rs. 800
b. Rs. 950
c. Rs. 1100
d. Rs. 1040

ANSWER: Rs. 800
 
Cost price of article = Rs. 600
Profit % = 20%
Therefore,
selling price of article = 120% of C.P.
= (120 / 100) * 600 = Rs. 720
Marked price = ?
Discount % = 10%
S.P. = Rs. 720
90% of M.P. = S.P.
90/100 * M.P. = 720
M.P. = 720 * (100/90) = Rs. 800

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