Namitha gives a 20% discount on all things in her shop and yet makes a profit of 12%. What is the cost price of an item with
marked price of Rs280?
This questions was previously asked in
SSC CHSL 2nd June 2022 Shift-3
Explanation:
- Namitha gives a 20% discount, meaning the selling price is 80% of the marked price. For an item marked at Rs. 280, the selling price becomes Rs. 224 (i.e., 280 × 0.8).
- She makes a 12% profit. Therefore, the selling price is 112% of the cost price.
- Let the cost price be Rs. X. Then, 112% of X = Rs. 224 (since the selling price is Rs. 224). So, X = 224 / 1.12, which simplifies to Rs. 200.
- Thus, the cost price of an item with a marked price of Rs. 280 is Rs. 200.
- Given the options:
- Option 1: Rs 215
- Option 2: Rs 210
- Option 3: Rs 212
- ?? Option 4: Rs 200
Hence, option 4 is correct.
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By: santosh