Profit & Loss 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
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
