Multiple Choice Questions on An article was sold at 30 discount If the same article was sold at 36 discount then there would have........... for CLAT : Law entrance Exam Preparation

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Multiple Choice Questions

An article was sold at 30 discount If the same article was sold at 36 discount then there would have...........

Quantitative Aptitiude (CLAT) Profit and loss
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    An article was sold at 30% discount. If the same article was sold at 36% discount, then there would have loss of Rs. 240. If the article was marked 62.5% above the cost price, then find the original selling price of article.

    Rs. 2940

    Incorrect Answer

    Rs. 2520

    Incorrect Answer

    Rs. 2800

    Correct Answer

    Rs. 2100

    Incorrect Answer
    Explanation:

    Let, marked price of article = Rs. x

     So, original selling price = 70% of x = Rs. 0.7x

     Decreased selling price = 64% of x = Rs. 0.64x

     So, 0.7x – 0.64x = 240

     ⇒ 0.06x = 240

     ⇒ x = 4000 

    original selling price = 70% of 4000 = Rs. 2800

    By: Parvesh Mehta
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