A shopkeeper sold an article for ₹480 at a loss of 20%. If he sold the same article at a profit of 12.5%, what would be the selling price of the article?

Correct answer: 675

Solution

If ₹480 is 80% of the cost price, then the cost price is ₹600. At 12.5% profit, the selling price becomes 112.5% of ₹600, which is ₹675.

Related IBPS PO General Awareness questions

Ram marked the price of an article 25% above its cost price and then gave a 10% discount to a customer. Find the selling price if the cost price is ₹5000.
In 2016, Mahesh invested ₹10,000 in the stock market in the ratio 2:3:5 in three companies: Honda, Reliance, and HP. He earned 10% profit on Honda, 25% on Reliance, and 33% on HP. The next year, 2017, instead of investing in three companies, he invested in four companies, and the fourth company was Nokia, in which he invested three times the amount he invested in Reliance in 2016. In 2017, he earned 50% more profit than he earned in 2016 in total, and on Nokia he earned 20% profit. In 2018, he earned 25% more profit than in 2016 on Reliance, 30% more profit than in 2016 on HP, 10% more profit than in 2016 on Honda, and the profit on Nokia was the same as in 2017. Find the total profit earned by Mahesh on Honda, Reliance, and HP in 2017.
Ravi marked an article 50% above its cost price. What percent discount should be given on the marked price to earn the given profit?
A shopkeeper mixes two types of wheat, each costing ₹45/kg, so that by selling the resultant mixture at ₹55/kg, he makes a profit of 10%. In which ratio did he mix them?
A shirt is sold at 20% profit after giving 20% discount on the marked price. The difference between the discount and the profit is ₹200. Find the marked price.
A shopkeeper gives 1 shirt free for every 10 shirts bought and also gives a discount of 10%. If a person buys 10 shirts, the shopkeeper gets a profit of ₹200. The marked price of one shirt is ₹\frac{310}{9}. Find the cost price of one shirt.

⚔️ Practice IBPS PO General Awareness free + battle 1v1 →