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After selling 70% of the articles on 40% discount shopkeeper announces another 30% discount on the remaining articles. After selling all the articles he makes net profit of 20%. Then find the actual cost price as a ratio of their marked price if the cost price of all articles is equal and so is their marked price?
  • a)
    0.455
  • b)
    0.35
  • c)
    0.4
  • d)
    0.3
  • e)
    0.25
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
After selling70% of the articles on 40% discount shopkeeper announces ...
Without losing generality we can assume that shopkeeper has 100 articles with marked price of 100.
Now, for first 70 articles he offered discount of Rs. 40 on each of the articles.
Hence selling price of these 70 articles will be Rs. 60 each. Total selling price of these 70 articles will be, 70 x 60 = 4200 And he offers additional 30% discount on remaining articles.
Hence selling price of these 30 articles will be 70% of 60 i.e. Rs. 42 each. Total selling price of these 30 articles will be, 30 x 42 = 1260. Total selling price of 100 articles is, 1260 + 4200 = 5460.
This is 20% more than cost price. Hence,
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After selling70% of the articles on 40% discount shopkeeper announces ...
Without losing generality we can assume that shopkeeper has 100 articles with marked price of 100.
Now, for first 70 articles he offered discount of Rs. 40 on each of the articles.
Hence selling price of these 70 articles will be Rs. 60 each. Total selling price of these 70 articles will be, 70 x 60 = 4200 And he offers additional 30% discount on remaining articles.
Hence selling price of these 30 articles will be 70% of 60 i.e. Rs. 42 each. Total selling price of these 30 articles will be, 30 x 42 = 1260. Total selling price of 100 articles is, 1260 + 4200 = 5460.
This is 20% more than cost price. Hence,
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After selling70% of the articles on 40% discount shopkeeper announces another 30% discount on the remaining articles. After selling all the articles he makes net profit of 20%. Then find the actual cost price as a ratio of their marked price if the cost price of all articles is equal and so is their marked price?a)0.455b)0.35c)0.4d)0.3e)0.25Correct answer is option 'A'. Can you explain this answer?
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After selling70% of the articles on 40% discount shopkeeper announces another 30% discount on the remaining articles. After selling all the articles he makes net profit of 20%. Then find the actual cost price as a ratio of their marked price if the cost price of all articles is equal and so is their marked price?a)0.455b)0.35c)0.4d)0.3e)0.25Correct answer is option 'A'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about After selling70% of the articles on 40% discount shopkeeper announces another 30% discount on the remaining articles. After selling all the articles he makes net profit of 20%. Then find the actual cost price as a ratio of their marked price if the cost price of all articles is equal and so is their marked price?a)0.455b)0.35c)0.4d)0.3e)0.25Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for After selling70% of the articles on 40% discount shopkeeper announces another 30% discount on the remaining articles. After selling all the articles he makes net profit of 20%. Then find the actual cost price as a ratio of their marked price if the cost price of all articles is equal and so is their marked price?a)0.455b)0.35c)0.4d)0.3e)0.25Correct answer is option 'A'. Can you explain this answer?.
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