Multiple Choice Questions on A furniture shopkeeper allows a discount of 16 on the marked price on the goods to his customers and........... for SSC CGL Exam Preparation

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Multiple Choice Questions

A furniture shopkeeper allows a discount of 16 on the marked price on the goods to his customers and...........

Quantitative Aptitude (CGL) Profit and loss
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    A furniture shopkeeper allows a discount of 16% on the marked price on the goods to his customers and still gains 20%. Whatis

    the marked price of a dining table, which costs the shopkeeper Rs11,900?

    This questions was previously asked in
    SSC CGL 5th March 2020 Shift-3
    View All ssc Previous Year Papers

    Rs15,000

    Incorrect Answer

    Rs12,376

    Incorrect Answer

    Rs17,000

    Correct Answer

    Rs16,000

    Incorrect Answer
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    Explanation:

    Cost price of dining table = Rs.11900
    Profit = 20%
    Selling price = 11900 x 120/100 = Rs.14280
    Discount = 16%
    Let the marked price 100%.
    Selling price = 100 - 16 = 84%
    84% = 14280
    100% = 14280/84 x 100 = 17000
    Marked price of dining table = Rs.17000

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