The marked price of an article is Rs840 A shopkeeper gives a discount of 15 on the marked price and ...........

Quantitative Aptitude (MTS) Profit and loss

The marked price of an article is Rs840. A shopkeeper gives a discount of 15% on the marked price and still makes a profit of

19%. What is the cost price of the article?

This questions was previously asked in

SSC MTS 7th July 2022 Shift-1

Rs580

Rs540

Rs600

Rs640

- The marked price of the article is Rs840.

- A discount of 15% is given on the marked price.

- Discount amount = 15% of Rs840 = Rs126.

- Selling price = Marked price - Discount = Rs840 - Rs126 = Rs714.

- The shopkeeper makes a profit of 19% on the cost price.

- Let the cost price be RsC.

- Selling price with 19% profit = Cost price + 19% of Cost price = 1.19 × Cost price.

- Therefore, Rs714 = 1.19 RsC.

- Solving for RsC gives RsC ˜ Rs600.

Option 3: Rs600 is correct.

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