An article was bought for Rs. 300 and repairing charges of Rs. 50 were paid for it. It is to be sold at a profit of 20\% on the marked price, which is - Quantitative Aptitude MCQ Competitive Exam 2026 | ExamTest.live

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An article was bought for Rs. 300 and repairing charges of Rs. 50 were paid for it. It is to be sold at a profit of 20% on the marked price, which is set at 110% of the total cost price (i.e., marked up by 10%). Find the required selling price (in Rs.).

Solution & Step-by-step Explanation

First, find the total cost price (CP) of the article including the repair charges: Total CP = 300 + 50 = Rs. 350 The marked price (MP) is set at 10% higher than the total cost price (110% of total CP): MP = 350 \times (1 + \frac{10}{100}) = 350 \times 1.1 = Rs. 385 The item is sold at a profit of 20% calculated on this marked price: Selling Price (SP) = MP + (20% of MP) SP = 385 \times (1 + \frac{20}{100}) = 385 \times 1.2 = Rs. 462

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An article was bought for Rs. 300 and repairing charges of Rs. 50 were paid for it. It is to be sold at a profit of 20% on the marked price, which is set at 110% of the total cost price (i.e., marked up by 10%). Find the required selling price (in Rs.).

440

452

462

478

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