Multiple Choice Questions on A shopkeeper marked an article at x above the cost price and sold it after two consecutive discounts........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A shopkeeper marked an article at x above the cost price and sold it after two consecutive discounts...........

Quantitative Aptitude ( CCS) Profit and loss
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    A shopkeeper marked an article at x% above the cost price and sold it after two consecutive discounts of 10% and 20%. In this transaction he had a profit of Rs.360. Find the value of x if the marked price of the article is Rs.6750.

    40%
    Incorrect Answer
    30%
    Incorrect Answer
    60%
    Incorrect Answer

    50%

    Correct Answer
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    Explanation:

    SP of the article = 6750*0.80*0.90 = Rs.4860
    CP = 4860 – 360 = Rs.4500
    MP = 4500*(100+x)/100 = 6750
    Therefore, 4500+45x = 6750
    => x = 50%

    Hence, option 4 is the correct answer.

    By: Amit Kumar
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