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

A retailer gives 40% discount on a certain article, to his customer. In this transaction he earns a profit of 25% on that article. If

the article costs Rs4,320 to the retailer, what is its marked price (in Rs)?

This questions was previously asked in

SSC MTS 22nd October 2021 Shift-1

8,000

2,592

9,000

6,000

- A retailer offers a 40% discount on an article to the customer.

- The retailer still earns a 25% profit on his cost price, which is Rs 4,320.

- The selling price can be calculated as: 4320 + 25% of 4320 = 4320 + 1080 = Rs 5,400.

- When a 40% discount is given on the marked price, the selling price becomes 60% of the marked price.

- Therefore, 60% of the marked price = Rs 5,400.

- Solving for the marked price: (60/100) * Marked Price = 5,400.

- This results in a Marked Price = (5,400 * 100) / 60 = Rs 9,000.

- So, the correct option is 3: 9,000.