Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
Sanjay made a profit of 8% by selling a shirt after offering a discount of 12%. If the marked price of the shirt is ` 1080, find its cost price. [SBI Jr. Associates (Pre.) Exam, 2016]
(a)890
(b)780
(c)880
(d)900
Answer
Answer (as printed): C
Explanation
Marked price of shirt = ` 1080 1080 × 12 Selling price of shirt = ` 1080 - 100 419 = ` (1080 – 129.60) = ` 950.40 Let cost price of shirt is ` x. x×8 ∴ x+ = 950.40 100 108x ⇒ = 950.40 100 100 x = 950.40 × = ` 880 108
Explanation as extracted from the printed page; notation may be imperfect.