Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

After allowing a 10% discount on the marked price of an article, a dealer makes a profit of 5%. What is the marked price, if the cost price of the article is ₹300? 

Options:

₹320

₹350

₹375

₹400

Correct Answer:

₹350

Explanation:

CP of the article = 300

SP of the article = 300 × \(\frac{105}{100}\)  = 315

MP of the article = 315 × \(\frac{100}{90}\)  = 350