Exams › SSC CGL (Prelims) › General
A trader marked an article 30% above the cost price. He gave two consecutive discounts of 15% and 10%. The loss was ₹220. What is the marked price?
- ₹ 52,000
- ₹ 52,600
- ₹ 53,000
- ₹ 53,250
Correct answer: ₹ 52,000
Solution
Two discounts of 15% and 10% give net factor \(0.85\times0.90=0.765\). Since MP is 30% above CP, MP = 1.3 CP, so SP = 0.765 × 1.3 CP = 0.9945 CP, which means a loss of 0.55% of CP. Given loss = ₹220, CP = 220/0.0055 = ₹40000, hence MP = 1.3 × 40000 = ₹52000.
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