The list price of an article is Rs 800 and is available at a discount of 15 Find the selling price a...........

Quantitative Aptitude ( CCS) Profit and loss

The list price of an article is Rs 800 and is available at a discount of 15%. Find the selling price and the cost price of the article, if a profit of 40/3 % is made on selling it.

600

800

900

1000

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Explanation:

List price (marked price) of an article = Rs 800
Discount percentage = 15 %
Discount = 15 % of 800 = 15/100 x 800 = Rs 120
Selling price of the article = List price - Discount
                                     = 800 - 120 = Rs 680
Profit = 40/3 %
Cost price = Selling price x (100) / (100 + g)
                = 680 x (100) / (100 + 40/3)
                = 680 x (300) / (340)  = 600
The cost price of the article = Rs 600

Hence, option 1 is the correct answer.