The marked price of an article is Rs5 450 If a person earns a profit of 15 after allowing a discount...........

Quantitative Aptitude (MTS) Profit and loss

The marked price of an article is Rs5,450. If a person earns a profit of 15% after allowing a discount of 15%, then the cost price

(in Rs) (correct to the nearest integer) of the article is:

This questions was previously asked in

SSC MTS 7th October 2021 Shift-3

4,498

4,189

4,289

4,028

Here’s how to solve it:

- Marked Price (MP) = Rs 5,450

- Discount = 15%

- So, Selling Price (SP) = MP × (1 - 15/100) = 5,450 × 0.85 = Rs 4,632.5

- Profit earned = 15%

- So, Cost Price (CP) = SP / (1 + Profit%) = 4,632.5 / 1.15 ˜ Rs 4,027.83, rounded off to Rs 4,028.

Checking the options:

- Option 1: 4,498

- Option 2: 4,189

- Option 3: 4,289

- Option 4: 4,028

Correct Answer:

Option 4: 4,028

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