Quantitative Aptitude Ques 120

Question: A tradesman marks his goods at such a price that after allowing a discount of 15%, he makes a profit of 20%. What is the marked price of an article whose cost price is Rs. 170? [NICL (AO) 2014]

Options:

A) Rs. 200

B) Rs. 220

C) Rs. 240

D) Rs. 260

E) Rs. 280

Show Answer

Answer:

Correct Answer: C

Solution:

  • $ SP=\frac{(100+20)\times 170}{100}=\frac{120\times 17}{10}=Rs.,204 $ Now, marked price $ -15 $ % of marked price = SP Let marked price be Rs. x. Thus, $ x-\frac{x\times 15}{100}=204 $

$ \Rightarrow $ $ \frac{85x}{100}=204 $

$ \Rightarrow $ $ x=\frac{204\times 100}{85}=\frac{204\times 20}{17}=12\times 20=240 $

$ \therefore $ Marked price = Rs. 240