Multiple Choice Questions on A shopkeeper bought an article for Rs x He spent Rs 650 on its repair He marked the article 60 above........... for SSC CGL Exam Preparation

Profit and loss

Quantitative Aptitude (CGL)

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Indian Economy - Understanding the basics of Indian economic system

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    A shopkeeper bought an article for Rs.x. He spent Rs.650 on its repair. He marked the article 60% above the total price of the article for the shopkeeper and then sold the article offering two consecutive discounts of 10% and 25%. If he made a profit of Rs.248 then find the value of x.

    2000
    Incorrect Answer
    2450
    Correct Answer
    2370
    Incorrect Answer

    2200

    Incorrect Answer
    Explanation:

    Total CP of the article = Rs.(x+650)
    MP = (x+650)*1.60 = Rs.(1.6x+1040)
    SP = x+650+248 = Rs.(1.6x+1040)*0.90*0.75
    => x + 898 = 1.08x + 702
    =>x = 2450

    Hence, option 2 is the correct answer.


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