Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A shopkeeper marked every item $25 \%$ above the cost price and allowed $10 \%$ discount. Shruti being a regular customer got $5 \%$ additional discount on the bill and paid ₹ 2394 for the item purchased. What is the cost price of the item (in ₹)?

Options:

2240

2440

2220

2420

Correct Answer:

2240

Explanation:

Let the Cost price = 100X

Then the marked price = 125x

Discounts = 10% and 5%

Selling price = 125X × \(\frac{9}{10}\) × \(\frac{19}{20}\)  = 2394 (Given)

                  = 125X × \(\frac{171}{200}\) = 2394

               x = 22.4

Cost price (100x ) = 2240