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Kabir buys an article with 25% discount on its marked price. He makes a profit of 10 % by selling it at Rs. 660. The marked price is :

Correct answer: C. Rs. 800

  • A. Rs. 600
  • B. Rs. 700
  • C. Rs. 800
  • D. Rs. 685

Explanation

The selling price of Rs. 660 is 110% of the cost price, so the cost price is Rs. 660 / 1.10 = Rs. 600. Since the article was bought at a 25% discount, Rs. 600 is 75% of the marked price, giving marked price = Rs. 600 / 0.75 = Rs. 800; the likely wrong choice is Rs. 600, which is the cost price, not the marked price.

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About Profit and Loss

Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.

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