There was a loss of 22 after selling an article at 40 discount So the shopkeeper had increased the m...........

Quantitative Aptitude (RBI Grade B) Profit and loss

There was a loss of 22% after selling an article at 40% discount. So, the shopkeeper had increased the marked price of the article by 40% but had allowed the same discount percent. If he earned Rs. 184 as profit after increasing the marked price then find the cost price of the article.

22000

2000

21000

25000

16000

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Explanation:

Let CP = x MP be y So, 78% of x = 60% of y 39x/50 = 3y/5 x = 10y/13 And, 60% of 140% of y – x = 184 21y/25 – x = 184 (273y – 250y) /325 =184 23y = 184 x 325 y = 2600 Thus, CP = x = 10y/13 = Rs. 2000 So option (b) is the correct answer.