Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A shopkeeper marks the price of an article in such a way that after allowing a discount of 22%, he gets a gain of 11%. If the marked price is Rs.888, then the cost price of the article is:

Options:

₹ 624

₹ 782

₹ 550

₹ 895

Correct Answer:

₹ 624

Explanation:

Marked price of the article = Rs. 888

SP of the article = 888 × \(\frac{78}{100}\) =  692.64

∴ CP of the article = 692.64 × \(\frac{100}{111}\) = 624