Exams › SSC CGL (Prelims) › General
A shopkeeper marks his products 50% above the cost price and allows a discount of 20% on the marked price. He also gives an additional cash discount of ₹120 and still makes a profit of 16% on cost. What is the cost price of the product?
- ₹ 1,800
- ₹ 3,000
- ₹ 2,200
- ₹ 2,400
Correct answer: ₹ 3,000
Solution
Let cost price be x. Marked price = 1.5x. After 20% discount, price becomes 1.5x × 0.8 = 1.2x. After an additional cash discount of ₹120, final selling price = 1.2x - 120. Since profit is 16%, final selling price = 1.16x. So 1.2x - 120 = 1.16x, giving x = 3000.
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