Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

If the cost of an article is ₹ P after two successive reductions of 20% and 25%, original price of the article was:

Options:

₹ \(\frac{5}{3}\) P

₹ \(\frac{4}{5}\) P

₹ \(\frac{3}{5}\) P

₹ \(\frac{5}{4}\) P

Correct Answer:

₹ \(\frac{5}{3}\) P

Explanation:

S.P. after 1st reduction of 20% = M.R.P. ×\(\frac{80}{100}\) 

S.P. after 2nd reduction of 25% = M.R.P. ×\(\frac{80}{100}\) ×\(\frac{75}{100}\) = P

⇒ M.R.P. = P ×\(\frac{5}{4}\) ×\(\frac{4}{3}\)

⇒ M.R.P. = \(\frac{5}{3}\) P