Profit and loss

Quantitative Aptitude( Paper-I )

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In a stock clearance sale, a shopkeeper gives 40% off on all his items. He incurs a loss of 25% by selling an item of marked price Rs. 2,000. Which one of the following is the cost price of this item?

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CAPF 2021 Paper-1

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Rs.1,800

Rs.1,200

Rs.1,600

Rs.1,400

Explanation:

Rs.1,600.

Marked price= 2000
Selling price= 40% of 2000= 1200
Now loss= 25%
i.e. 75% of costing price is equal to selling price, so
75% of cost price= 1200
Cost price = 1600

By: Parvesh Mehta

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