Profit and loss

Quantitative Aptitude (CPO)

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 shopkeeper marks the price of an article such that after giving a discount of 30%, he gains 20%. If the marked price of the article is

Rs 480. what is the cost price of the article?

This questions was previously asked in

SSC CPO 13th-March-2019-Shift-2

Rs 250

Rs 260

Rs 300

Rs 280

- The shopkeeper applies a 30% discount to the marked price of Rs 480.

- This means the selling price is 70% of Rs 480: \(0.7 \times 480 = 336\).

- The selling price allows a 20% gain over the cost price.

- If the cost price is \(x\), then the selling price of Rs 336 corresponds to 120% of the cost price: \(1.2x = 336\).

- Solving for \(x\), gives \(x = \frac{336}{1.2} = 280\).

- Therefore, the cost price of the article is Rs 280.

Option 4 - Rs 280