Profit and loss

Quantitative Aptitude (MTS)

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

The marked price of an article is 35%, above its cost price. After giving a 20°% discount on the marked price, its sold for Rs432.

What is the cost price of the article?

This questions was previously asked in

SSC MTS 26th October 2021 Shift-2

Rs400

Rs380

Rs425

Rs420

Let's break down the problem:

- Marked Price (MP): This is 35% above the Cost Price (CP). So, MP = CP + 35% of CP = 1.35 * CP.

- Discount on MP: A discount of 20% is given. Therefore, Selling Price (SP) = MP - 20% of MP = 0.8 * MP.

- Selling Price is given as Rs 432. Hence, 0.8 * MP = 432.

- We substitute MP = 1.35 * CP in the equation: 0.8 * 1.35 * CP = 432, or 1.08 * CP = 432.

- Solve for CP: CP = 432 / 1.08 = Rs 400.

- Options:

- ? Option 1: Rs 400 – The calculated cost price.

- Option 2: Rs 380 – Lower than calculated.

- Option 3: Rs 425 – Higher than calculated.

- Option 4: Rs 420 – Higher than calculated.