A shopkeeper earns a profit of 17% on selling a book at 10% discount on the printed price. If the cost price is Rs500, then the
printed price (in Rs) is:
This questions was previously asked in
SSC CGL 18th April 2022 Shift-3
Explanation:
- The cost price of the book is Rs 500.
- The shopkeeper earns a profit of 17%, so the selling price (SP) is 117% of the cost price (CP).
- Calculate SP: \( SP = 500 \times \frac{117}{100} = 585 \).
- The shopkeeper gives a 10% discount on the printed price (PP).
- Thus, the selling price is 90% of the printed price.
- Calculate PP: \( PP = \frac{585}{0.9} = 650 \).
- Option 1: 615
- Option 2: 750
- Option 3: 585
- Option 4: 650