Profit & Loss Mcqs

Engineering MCQs CBSE MCQs

Q.  Mahad sold an article for Rs. 18000. Had he offered a discount of 10% on the selling price, he would have earned a profit of 8%. What is the cost price of the article?

a. Rs. 15000
b. Rs. 16200
c. Rs. 14700
d. Rs. 15900
e. None of these


ANSWER: See Answer
 
Let the CP be Rs. x.

Had he offered 10% discount, profit = 8%
Profit = 8/100 x and hence his SP = x + 8/100 x = Rs. 1.08x = 18000 – 10/100(18000) = 18000 – 1800 = Rs. 16200
=> 1.08x = 16200
=> x = 15000
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