Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A person bought an article at 30% discount on its marked price. The person then sold it at 30% profit for ₹427.70. What was the marked price of the article?

Options:

₹470

₹450

₹500

₹480

Correct Answer:

₹470

Explanation:

Let MP =  m

CP = m × \(\frac{70}{100}\)

According to the question

m × \(\frac{70}{100}\) × \(\frac{130}{100}\) = 427.70

m = 427.70 × \(\frac{100}{130}\) × \(\frac{100}{70}\)

m = 470