A dealer sells an article by allowing a 20 discount on its marked price and still gains 12 If the co...........

Quantitative Aptitude (MTS) Profit and loss

A dealer sells an article by allowing a 20% discount on its marked price and still gains 12%. If the cost price of the article is

Rs750, then its marked price (in Rs) is:

This questions was previously asked in

SSC MTS 8th October 2021 Shift-2

1,050

1,025

1,150

1,125

- The cost price of the article is Rs. 750.

- The dealer gains 12%, so the selling price is 12% more than the cost price.

- Selling Price (SP) = Cost Price (CP) + 12% of CP = 750 + 0.12 * 750 = Rs. 840.

- The article is sold at a 20% discount on its marked price.

- Let the marked price be Rs. M.

- Selling Price (SP) = 80% of Marked Price (MP) because 20% discount implies the selling price is 80% of the marked price.

- 0.80 * M = 840

- M = 840 / 0.80 = Rs. 1,050.

Option 1: 1,050 is correct.

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