Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A shopkeeper allows a discount of 12% to his customers and still gains 18%. Find the marked price of an article which costs Rs.528 to the shopkeeper.(Answer to the nearest rupees)

Options:

Rs.728

Rs.708

Rs.695

Rs.798

Correct Answer:

Rs.708

Explanation:

According to the question

(100-12)% of the marked price = (100+18)% of the cost price

\(\frac{CP}{MP}\) = \(\frac{44}{59}\)

If, 44x = 528

Then, 59X = Rs.708