The marked price of a ceiling fan is Rs 4,200 and the shopkeeper allows a discount of 5% on it. If his profit is 14% then the cost price of the fan is :
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ssc cgl 2023 pre
Rs 3,200
Incorrect AnswerRs 3,800
Incorrect AnswerRs 3,000
Incorrect AnswerExplanation:
- The marked price (MP) of the fan is Rs 4,200.
- A discount of 5% is offered, so the selling price (SP) becomes 95% of the MP.
- Calculate SP: 95% of Rs 4,200 = 0.95 * 4200 = Rs 3,990.
- The shopkeeper earns a profit of 14%, meaning the selling price is 114% of the cost price (CP).
- To find CP: 100% CP = 3,990 / 1.14 = Rs 3,500.
- Option 4: Rs 3,500 is the correct answer.
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By: Parvesh Mehta