Multiple Choice Questions on A shopkeeper sold sarees at Rs 266 each after giving 5 discount on labelled price Had he not g........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A shopkeeper sold sarees at Rs 266 each after giving 5 discount on labelled price Had he not g...........

Quantitative Aptitude ( CCS) Profit and loss
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     A shopkeeper sold sarees at Rs.266 each after giving 5% discount on labelled price. Had he not given the discount, he would have earned a profit of 12% on the cost price. What was the cost price of each saree?

    Rs. 240

    Incorrect Answer

    Rs. 260

    Incorrect Answer

    Rs. 280

    Incorrect Answer

    None of these

    Correct Answer
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    Explanation:

    discount%=(mp-sp)100/mp
    =>5=(mp-266)100/mp
    =>mp=280
    therefor cost price
    =>cp*112/100=280
    =>cp=250

    By: MIRZA SADDAM HUSSAIN
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