Multiple Choice Questions on A shopkeeper is giving a discount of 20 on the marked price but a customer bargains and the shopkeep........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A shopkeeper is giving a discount of 20 on the marked price but a customer bargains and the shopkeep...........

Quantitative Aptitude ( CCS) Profit and loss
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    A shopkeeper is giving a discount of 20% on the marked price but a customer bargains and the shopkeeper sells him at Rs. 240 less than he was supposed to sell. If the profit of the shopkeeper is decreased from 80% to 50% find the marked price of the item.

    1300

    Incorrect Answer

    1600

    Incorrect Answer

    1100

    Incorrect Answer

    1800

    Correct Answer
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    Explanation:

    Let the MP be x.
    And CP be y. 1.8y = 0.8x —-(1)
    And 1.5y = 0.8x – 240 —-(2)
    Now, 1.8y = 1.5y + 240
    => y = Rs.800
    So, x = (1.8*800)/0.8 = 1800

    By: Pranav Gupta
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