Profit and loss

Quantitative Aptitude (CPO)

Title

45:30

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Indian Economy - Understanding the basics of Indian economic system

A shopkeeper marks his good at a price such that afier giving a discount of 25%, the gains 20%. If the marked price of the article is Rs

736, what is the cost price of the article?

This questions was previously asked in

SSC CPO 12th-March-2019-Shift-2

Rs 460

Rs 450

Rs 440

Rs 455

- The shopkeeper gives a 25% discount on the marked price and still gains 20% on the cost price.

- Marked Price (MP) = Rs. 736.

- Selling Price (SP) after 25% discount = 75% of MP = \( 0.75 \times 736 \) = Rs. 552.

- The selling price reflects a 20% gain over the cost price (CP).

- If the selling price reflects a 20% gain, then SP = 1.20 times CP.

- So, Rs 552 = 1.20 \(\times\) CP.

- Solving for CP gives us CP = Rs 460.

- Option 1: Rs 460 is the correct answer.