Multiple choice

At what approximate price must an article costing INR 50.50 be marked so that after deducting 5% from the marked price, it may be sold at a profit of 20% on the cost price?

  1. Rs. 59.50

  2. Rs. 68.00

  3. Rs. 64.00

  4. Rs. 55.00

  5. Rs. 61.50
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Cost price = 50.50. Desired profit = 20%, so selling price = 50.50 x 1.20 = 60.60. Since 5% is deducted from marked price: MP x 0.95 = 60.60, so MP = 60.60 / 0.95 ≈ 63.79. Rs. 64.00 is the closest approximation. This matches option C.

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