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

Raghu sold an article for Rs180 after allowing a 20% discounton its marked price. Had he not allowed any discount, he would have

gained 20%. What is the cost price of the article?

This questions was previously asked in

SSC CPO 11th Dec 2019 Shift-1

Rs190.40

Rs192.80

Rs188.60

Rs187.50

- Raghu sold an article for Rs180 after a 20% discount.

- The marked price (MP) thus was \( \frac{180}{0.8} = Rs225 \).

- Without a discount, selling the article at MP would result in a 20% profit on the cost price (CP).

- Let CP be X. A 20% profit would make the selling price \( X + 0.2X = 1.2X \).

- Solving \( 1.2X = 225 \) gives X = 187.50.

- So, the cost price is Rs187.50.

?? Correct Answer: Option 4 - Rs187.50