Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A shopkeeper buys an article at 30% discount on its marked price and sells it at 5% discount on its marked price. If he earns a profit of ₹65, then what is the marked price (in ₹) of the article?

Options:

227.50

325

260

292.50

Correct Answer:

260

Explanation:

Let the marked price = 100

CP of the article for the shopkeeper at a discount of 30% = 70% of 100 = 70

Selling price of the article for the shopkeeper at a discount of 5% on MRP = 95% of 100 = 95

Profit for the Shopkeeper = 95 - 70 = 25

25x = 65(Given)

100x = 260