Question
Download Solution PDFA shopkeeper allows a discount of 12% to his customers and still gains 18%. Find the marked price of an article which costs Rs. 528 to the shopkeeper.(Answer to the nearest rupees)
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Cost price (C.P) = Rs.528
Discount% = 12%
Profit = 18%
Formula used:
C.P/M.P = (100 - D%)/(100 ± P/L%)
Where,
C.P = Cost price; M.P = Marked price; D = discount
Calculation:
According to the question:
⇒ C.P/M.P = (100 - D%)/(100 + P%)
⇒ 528/M.P = (100 - 12)/ (100 + 18)
⇒ M.P = (528 × 118)/88
⇒ M.P = Rs.708
∴ The correct answer is Rs.708.
Last updated on Jun 11, 2025
-> The SSC CGL Notification 2025 has been released on 9th June 2025 on the official website at ssc.gov.in.
-> The UPSC Prelims Result 2025 and UPSC IFS Result 2025 has been released @upsc.gov.in
-> The SSC CGL exam registration process is now open and will continue till 4th July 2025, so candidates must fill out the SSC CGL Application Form 2025 before the deadline.
-> This year, the Staff Selection Commission (SSC) has announced approximately 14,582 vacancies for various Group B and C posts across government departments.
-> The SSC CGL Tier 1 exam is scheduled to take place from 13th to 30th August 2025.
-> Aspirants should visit ssc.gov.in 2025 regularly for updates and ensure timely submission of the CGL exam form.
-> Candidates can refer to the CGL syllabus for a better understanding of the exam structure and pattern.
-> The CGL Eligibility is a bachelor’s degree in any discipline.
-> Candidates selected through the SSC CGL exam will receive an attractive salary. Learn more about the SSC CGL Salary Structure.
-> Attempt SSC CGL Free English Mock Test and SSC CGL Current Affairs Mock Test.
-> Candidates should also use the SSC CGL previous year papers for a good revision.