Multiple Choice Questions

David purchased an item and marked his price up by 10 He sold the same item by giving a discount of ...........

Quantitative Aptitude (MTS) Profit and loss

David purchased an item and marked his price up by 10%. He sold the same item by giving a discount of 5% and he made a

profit Rs12.87. What is the actual cost price of the item?

This questions was previously asked in

SSC MTS 21st July 2022 Shift-2

Rs220

Rs280

Rs286

Rs256

- David marks up the item by 10%. If the cost price is Rs X, then the marked price is 1.10X.

- He gives a discount of 5% on the marked price. The selling price becomes 95% of the marked price (0.95 * 1.10X = 1.045X).

- The profit is Rs 12.87. Therefore, the profit equation is 1.045X - X = Rs 12.87.

- Simplifying the profit equation: 0.045X = Rs 12.87.

- Solving for X: X = Rs 12.87 / 0.045 = Rs 286.

- Rs 286 is the correct cost price of the item.

Submit Error