Staff Selection Commission Quantitative Aptitude — Question 280

Question

A trader allows 15% discount on marked price and still makes 20% profit. If CP is ₹1000, find MP

1. ₹1400
2. ₹1412
3. ₹1450
4. ₹1500

Correct answer

B — ₹1412

Explanation (English)

SP = 1.2 × 1000 = 1200. SP = 0.85 × MP. MP = 1200/0.85 = 1412 approx

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