A person bought an article at 30 discount on its marked price The person then sold it at 30 profit f...........

Quantitative Aptitude (CPO) Profit and loss

A person bought an article at 30% discount on its marked price. The person then sold it at 30% profit for Rs427.70. What was the

marked price of the article?

This questions was previously asked in

SSC CPO 13th Dec 2019 Shift-1

Rs470

Rs450

Rs500

Rs480

- The person bought the article at a 30% discount on the marked price (M).

- So, the purchase price = 70% of M = 0.7M.

- The article was sold at a 30% profit on the purchase price.

- Therefore, the selling price = 130% of purchase price = 1.3 * 0.7M.

- We know the selling price is Rs 427.70.

- Setting up the equation: 1.3 * 0.7M = Rs 427.70.

- Solving gives M = Rs 470.

Option 1: Rs 470

- This calculation shows the marked price is Rs 470.

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