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  9. Q196

NABARD Grade A (Assistant Manager) 2023 · Question 196 of 196

Find the cost price of the digital watch for the shopkeeper if he initially marked it at 80% above the cost price and later offered two successive discounts of 15% and 20%. After these discounts, 'X' spent Rs. 164 on repairing the watch and then sold it to 'Y' for Rs. 2400, resulting in a 20% profit for X. Determine the original cost price for the shopkeeper.

Profit and loss

  1. ARs.1550
  2. BRs.1525
  3. CRs.1545
  4. DRs.1500Correct
  5. Enone of these

Answer: D. Rs.1500

Explanation

CP = 100a. 1.8x0.85x0.80x100a = (2400/1.2)-164 = 1836. 122.4a = 1836, a = 15. CP = Rs. 1500.

Source: Memory Based Paper NABARD Grade A 2023 - Phase I Shift II (ixamBee) · memory-based

← Q195View full paper (196 questions)

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