A shopkeeper marks his goods at such a price that even after giving a discount of 25\% , he gains 20\% . If the marked price of an article is ₹ 992 , - Quantitative Aptitude MCQ SSC Selection Post 2021 Matriculation Level 2026 | ExamTest.live

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A shopkeeper marks his goods at such a price that even after giving a discount of 25%, he gains 20% . If the marked price of an article is ₹ 992, what is its cost price (in ₹)?

Solution & Step-by-step Explanation

We can use the direct formula connecting Marked Price (MP) and Cost Price (CP): \frac{MP}{CP} = \frac{100 + Profit %}{100 - Discount %} Given: MP = ₹ 992 Discount % = 25% Profit % = 20% Substitute the values into the formula: \frac{992}{CP} = \frac{100 + 20}{100 - 25} \frac{992}{CP} = \frac{120}{75} = \frac{8}{5} 8 \times CP = 992 \times 5 CP = \frac{992 \times 5}{8} CP = 124 \times 5 = 620 Thus, the cost price is ₹ 620 .

Try it yourself before checking the explanation above.

A shopkeeper marks his goods at such a price that even after giving a discount of 25%, he gains 20% . If the marked price of an article is ₹ 992, what is its cost price (in ₹)?

620

700

650

545

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