1.

Amit, after giving a 12% discount on the marked price, sells an article for Rs. 369.60. If he had not given any discount he would have gained 20%. Find the cost price of the item.1. Rs. 3202. Rs. 4003. Rs. 3804. Rs. 350

Answer» Correct Answer - Option 4 : Rs. 350

Given:

After giving 12% discount on the marked price, the selling price of the article is 369.60

Concept Used:

Marked Price (MP) / Cost Price (CP) = (100 + profit %) / (100 - discount %)

Calculation:

Let, the marked price of the article is 100%

He gave a discount of 12%

⇒ After discount selling price of the article (100 - 12) = 88%

Accordingly,

88% → 369.60

⇒ 1% → 369.60/88

⇒ 100% → (369.6/88) × 100 = 420

Marked price of the article = Rs. 420

If he had not given any discount he would have gained 20% that means then discount % should be 0%

MP / CP = (100 + 20) / (100 - 0)

⇒ MP / CP = 120 / 100

⇒ 420 / CP = 6 / 5

⇒ CP = 350

∴ The cost price of the item is Rs. 350.



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