ibps-rrb-os1 2019 · Question 47 of 186

Rakesh sells an article at a profit of 12%. Had he bought it for 20% less and sold it for Rs. 240 less, he would have gained 30%. What is the cost price of the article?

Percentage

A2800
B3000Correct
C3440
D3500
ENone of these

Answer: B. 3000

Explanation

Let the CP be Rs. 100 and SP be Rs. 112 Now, new CP = Rs. 80 and new SP = 80 × 130/100 = Rs. 104 Difference = 112 – 104 = Rs.8 At, Rs. 8 difference, CP = Rs. 100 At 240, difference, CP = 100 × 240/8 = Rs. 3000

Source: IBPS RRB PO (Scale 1) Officer 2019 Mains Previous Year Paper — Answer Key & Detailed Solutions (memory-based compilation, ixamBee) · memory-based

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