Profit & Loss Mcqs

Q.  After allowing a discount of 15% on the marked price, the selling price is Rs. 6800 for an article. If it was sold at marked price, there would have been a profit of 60%. The cost price of the article is?

a. Rs. 6400
b. Rs. 5600
c. Rs. 5000
d. Rs. 4800
e. None of these


ANSWER: See Answer
 
Given SP = Rs. 6800

Marked price = [SP(100)]/(100 – d%) = (6800 * 100)/(100 – 15) = Rs. 8000
If SP = Rs. 8000, profit = 60%
CP = [SP(100)]/(100 + 60) = (8000 * 100)/160 = Rs. 5000
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