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

A dealer marks an article 40% above the cost price and sells it to a customer, allowing two successive discounts of 20% and

25% on the marked price. If he suffers a loss of Rs 140, then the cost price (in Rs) of the article is:

This questions was previously asked in

SSC CGL 3rd March 2020 Shift-2

900

840

872

875

- The dealer marks the article 40% above the cost price. Therefore, the marked price is 1.4 times the cost price (CP).

- Two successive discounts of 20% and 25% are applied.

- First, a 20% discount reduces the price to 80% of the marked price.

- Next, a 25% discount on this reduced price decreases it to 75% of the already discounted price.

- Multiply these reductions: 1.4 × 0.8 × 0.75 = 0.84. So, 84% of the cost price is realized.

- Given the loss is Rs 140, calculate using: 0.84 × CP = CP - 140.

- Solve: CP - 0.84CP = 140 results in 0.16CP = 140, thus CP = 875.

Correct Answer: Option 4 - 875