Question
Easy
The marked price of an article is ₹ 840. A shopkeeper gives a discount of 15% on the marked price and still makes a profit of 19%. What is the cost price of the article ?
1
₹ 540
2
₹ 580
3
₹ 600
4
₹ 640
Question Details
Time to Solve: 12
Exam: CTET
Level/Paper: CTET_P2
Chapter: Finance
Topic: Profit & Loss
Correct Answer
Option C
Explanation
To determine the cost price of the article, we need to consider the given information: the marked price, the discount offered, and the profit made by the shopkeeper. 1. Marked Price and Discount: - The marked price of the article is ₹ 840. - A discount of 15% is given on the marked price. - Therefore, the selling price after the discount is calculated as follows: \[ \text{Discount} = 15\%…Read More
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