Multiple Choice Questions on The marked price of an article is 60 above the cost price When marked price is increased by 30 and s........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The marked price of an article is 60 above the cost price When marked price is increased by 30 and s...........

Quantitative Aptitude ( CCS) Profit and loss
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    The marked price of an article is 60% above the cost price. When marked price is increased by 30% and selling price is increased by 20%, then the profit doubles. What is the original selling price if marked price is Rs 3200?

    Rs 2500

    Correct Answer

    Rs 3000

    Incorrect Answer

    Rs 2000

    Incorrect Answer

    Rs 4160

    Incorrect Answer
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    Explanation:

    CP = 10, so MP = 16
    MP = 3200, so CP = 2000
    Now See from options
    Pick A) 2500
    2500 – 2000 = 500 (profit)
    If 20% of 2500 is increased,

    then We will get Rs 500 more,

    means the profit will get doubled as before

    Hence, option 1 is the correct answer.

    By: Amit Kumar
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