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Home Aptitude Profit and Loss See What Others Are Saying!
  • Question
  • Marked price of an article is 1600 Rs. more than the cost price. When the same article is sold at a discount of Rs. 500 then the percent profit earned is 25%. For earning a profit of 30%, the article should be sold at what price?


  • Options
  • A. 5740
  • B. 5720
  • C. 5620
  • D. 5730

  • Correct Answer
  • 5720 

    Explanation

    Ans. B.
    According to the question ,
    Marked Price = 1600 + Cost price - (i)
    MP ? 500 = 125/100 * CP - (ii)
    MP = 5/4 CP + 500 - (ii)
    4MP = 5CP + 2000 -(ii)
    Solving (i) and (ii)
    Cost Price = 4400
    Now , the selling price
    = 130/100 * 4400
    = 5720

  • Tags: AIEEE, Bank Exams, GATE

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    • Options
    • A. 4 days
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    • C. 8 days
    • D. 18 days
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    • 2. A clock is started at noon. By 10 minutes past 5, the hour hand has turned through:

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