Question
Download Solution PDFA shopkeeper allows a discount of 40% on his articles and still makes a profit of 20%. How much cost price does a shopkeeper pay for an article whose marked price is ₹2,400?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
The marked price of the article = ₹2,400
Discount allowed = 40%
Profit made = 20%
Formula used:
Selling price = Marked price(MP) - Discount allowed
Profit = Selling price(SP) - Cost price(CP)
Calculation:
According to question
Let MP be 100x
Discount= 40%
Selling Price = 100x - 40x = 60x
From this SP = 60x, Still makes profit = 20%
So, CP = 60x ÷ 120 × 100 = 50x
| CP | MP | SP |
| 50x | 100x | 60x |
| 2400(given) |
CP = 2400 ÷ 100 × 50 = 1200
∴ Cost price is 1200.
Last updated on Jun 17, 2025
-> The Staff Selection Commission has released the SSC GD 2025 Result on 17th June 2025 on the official website. Candidates can check if their qualifying status by going through the List.
-> The SSC GD Notification 2026 will be released in October 2025 and the exam will be scheduled in the month of January and February 2026.
-> The SSC GD Merit List is expected to be released soon by the end of April 2025.
-> Previously SSC GD Vacancy was increased for Constable(GD) in CAPFs, SSF, Rifleman (GD) in Assam Rifles and Sepoy in NCB Examination, 2025.
-> Now the total number of vacancy is 53,690. Previously, SSC GD 2025 Notification was released for 39481 Vacancies.
-> The SSC GD Constable written exam was held on 4th, 5th, 6th, 7th, 10th, 11th, 12th, 13th, 17th, 18th, 19th, 20th, 21st and 25th February 2025.
-> The selection process includes CBT, PET/PST, Medical Examination, and Document Verification.
-> The candidates who will be appearing for the 2026 cycle in the exam must attempt the SSC GD Constable Previous Year Papers. Also, attempt SSC GD Constable Mock Tests.