A shopkeeper marks the price of the article in such a way that after allowing 28 discount he wants a...........

Quantitative Aptitude (CGL) Profit and loss

A shopkeeper marks the price of the article in such a way that after allowing 28% discount, he wants a gain of 12%. If the

marked price is Rs224. then the cost price of the article is:

This questions was previously asked in

SSC CGL 3rd March 2020 Shift-1

Rs168

Rs144

Rs120

Rs196

- Let's break it down. The shopkeeper wants a 12% gain even after giving a 28% discount.

- The marked price of the article is Rs 224.

- After a 28% discount, the selling price becomes 72% of the marked price, which is 0.72 x 224 = Rs 161.28.

- If the selling price is Rs 161.28 and he wants a 12% gain, it means this selling price is 112% of the cost price.

- Therefore, to find the cost price: Let the cost price be "x". So, 1.12x = Rs 161.28.

- Solving for x gives x = Rs 161.28 / 1.12 = Rs 144.

- Therefore, the correct answer is Option 2: Rs 144.

Option 2: Rs 144

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