The marked price of an article is Rs5,450. If a person earns a profit of 15% after allowing a discount of 15%, then the cost price
(in Rs) (correct to the nearest integer) of the article is:
This questions was previously asked in
SSC MTS 7th October 2021 Shift-3
Explanation:
Here’s how to solve it:
- Marked Price (MP) = Rs 5,450
- Discount = 15%
- So, Selling Price (SP) = MP × (1 - 15/100) = 5,450 × 0.85 = Rs 4,632.5
- Profit earned = 15%
- So, Cost Price (CP) = SP / (1 + Profit%) = 4,632.5 / 1.15 ˜ Rs 4,027.83, rounded off to Rs 4,028.
Checking the options:
- Option 1: 4,498
- Option 2: 4,189
- Option 3: 4,289
- Option 4: 4,028
Correct Answer:
Option 4: 4,028
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By: santosh