Multiple Choice Questions on If the discount and profit of the Article P is same Find out the M P of Article P ........ for Mathematics - All Exams Preparation

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    Direction: This following table is related to profit and loss and some values are missing. All the discounts are on the M.P. and the Profits are on C.P. Read the Questions carefully and answer the question:

    Article
    Cost Price (RS)
    Profit (%)
    Marked Price (Rs)
    Discount (%)
    Selling Price (Rs)
    M
    2160
    -
    2560
    -
    -
    N
    -
    20%
    -
    -
    -
    O
    -
    -
    2875
    20%
    -
    P
    1800
    -
    -
    -
    1980
    Q
    -
    25%
    4000
    -
    -

    If the discount % and profit % of the Article P is same. Find out the M.P. of Article P.

    2800 Rs.

    Incorrect Answer

     2200 Rs.

    Correct Answer

    3500 Rs.

    Incorrect Answer

    3000 Rs.

    Incorrect Answer

    None of these

    Incorrect Answer
    Explanation:

    The Profit % and the Discount % of the Article P = x
    Cost Price×(100+x)/100 = S.P.
    1800×(100+x) = 1980×100
    180000+1800x = 198000
    1800x = 198000-180000
    1800x = 18000
    x = 10%
    M.P. = 1980/90×100
    M.P. = 2200 Rs.


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