A shopkeeper sells an article at 14 discount on its marked price and still gains 20 If the cost pric...........

Quantitative Aptitude (MTS) Profit and loss

A shopkeeper sells an article at 14% discount on its marked price and still gains 20%. If the cost price of the article is Rs184.90,

then what is its marked price?

This questions was previously asked in

SSC MTS 18th October 2021 Shift-3

Rs264

Rs272

Rs278

Rs258

- Let's start with the basics. The cost price (CP) of the article is Rs184.90.

- The shopkeeper gains 20%, so the selling price (SP) can be calculated as:

SP = CP + 20% of CP = Rs184.90 + 20% of Rs184.90 = Rs184.90 + Rs36.98 = Rs221.88.

- The article is sold at a 14% discount on its marked price (MP).

This means: SP = MP - 14% of MP.

Let's express SP in terms of MP:

Rs221.88 = MP - (14/100)*MP

Simplifying gives: MP = Rs221.88 / (1 - 0.14) = Rs221.88 / 0.86 = Rs258.

- ? Option 4: Rs258 matches this calculation.

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