Staff Selection Commission Quantitative Aptitude — Question 357

Question

A shopkeeper gives 10% discount and still makes 8% profit. If CP is ₹500, find MP

1. ₹600
2. ₹650
3. ₹700
4. ₹750

Correct answer

A — ₹600

Explanation (English)

SP = 1.08 × 500 = 540. SP = 0.9 × MP. MP = 540/0.9 = 600

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