Multiple Choice Questions on The profit earned on article lsquo D rsquo is Rs 240 If the discount offered on article D had been R........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The profit earned on article lsquo D rsquo is Rs 240 If the discount offered on article D had been R...........

Quantitative Aptitude ( CCS) Profit and loss
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    Directions (): Answer the questions based on the information given below.
    The given line graph shows the sum of the cost price and selling price, and the discount offered on five different articles.
    The sum of the discounts offered on all these articles is Rs. 2300.
    The profit earned on article ‘D’ is Rs. 240. If the discount offered on article D had been Rs. 390 less then what should be the cost price of the article so that the percentage by which article is marked up above its cost price and the selling price remain the same.

     Rs. 2700

    Correct Answer

     Rs. 2500

    Incorrect Answer

     Rs. 3100

    Incorrect Answer

     Rs. 2800

    Incorrect Answer

     Rs. 2400

    Incorrect Answer
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    Explanation:
    Let the cost price of article ‘D’ be Rs. x
    Therefore, selling price of the article = (x + 240)
    According to the question,
    (x + 240 + x) = 6240
    Or, 2x = 6000
    Or, x = 6000/2 = Rs. 3000
    Therefore, cost price of the article = Rs. 3000
    Selling price of the article = 3000 + 240 = Rs. 3240
    Marked price of the article = 3240 + 660 = Rs. 3900
    Percentage by which the article is marked above its cost
    price = {(3900 – 3000)/3000} × 100 = 30%
    According to the question,
    New discount = 660 – 390 = Rs. Rs. 270
    New marked price = 3240 + 270 = Rs. 3510
    Required cost price = 3510/1.3 = Rs. 2700

    By: Munesh Kumari
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