A trader marks up in his goods by 120% a

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Target Exam

CUET

Subject

General Aptitude Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A trader marks up in his goods by 120% and offers 30% discount. What will be the selling price (in ₹) if the cost price is ₹ 750?

Options:

1225

1080

1280

1155

Correct Answer:

1155

Explanation:

MRP = 750 × \(\frac{220}{100}\) = Rs. 1650

SP = 1650 × \(\frac{70}{100}\) = Rs. 1155