Profit and loss

Quantitative Aptitude (MTS)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

After allowing a discoum of 10% on the marked price of an article, it is sold for Rs450. Had the discount not been given, the

profit would have been 25%. What is the cost price (in Rs) of the article?

This questions was previously asked in

SSC MTS 20th October 2021 Shift-2

625

375

400

500

- The selling price after a 10% discount is Rs 450.

- This implies that the marked price (MP) = Rs 450 / (1 - 0.10) = Rs 500.

- If no discount was given, the price would have been the marked price, Rs 500.

- With no discount, the profit would be 25%, meaning: MP = Cost Price (CP) * (1 + Profit Percentage).

- So, Rs 500 = CP * 1.25.

- Thus, CP = Rs 500 / 1.25 = Rs 400.

?? Answer: The correct answer is Option: 3 - 400.