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Discussion :: Profit and Loss

  1. 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?
    2. A.
    Rs. 6400
    B.
    Rs. 5600
    C.
    Rs. 5000
    D.
    Rs. 4800
    E.
    None of these

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    Workspace

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    Answer : Option C

    Explanation :

    Given SP = Rs. 6800

    Marked price = [SP(100)]/(100 - d%) = (6800 * 100)/(100 - 15) = Rs. 8000

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