Profit and loss

Quantitative Aptitude (CGL)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

The markedprice ofan article is Rs240. A shopkeeper sells it by allowing 18% discount on its marked price and still gains 23%,

What is the costprice (in Rs) ofthe article?

This questions was previously asked in

SSC CGL 17th August 2021 Shift-3

200

180

160

150

To solve the problem of finding the cost price of the article, follow these steps:

- Marked Price: The original marked price of the article is Rs 240.

- Discount Given: A discount of 18% is allowed on the marked price.

- Discount = \( \frac{18}{100} \times 240 = 43.2 \)

- Selling Price = \( 240 - 43.2 = 196.8 \)

- Profit Made: The shopkeeper still gains a profit of 23% on the cost price.

- Let the cost price be X.

- Selling Price = Cost Price + 23% of Cost Price = \( X + \frac{23}{100} \times X = 1.23X \)

- So, \( 1.23X = 196.8 \)

- Solving for X gives \( X = \frac{196.8}{1.23} = 160 \)

- Correct Answer: Option 3: 160