SSC Exam  >  SSC Questions  >  A customer saves Rs.320 at the rebate of 20% ... Start Learning for Free
A customer saves Rs.320 at the rebate of 20% on market price of an article. If the cost price of the article for shopkeeper is Rs.1000, then the profit percent of shopkeeper is:
  • a)
    30%
  • b)
    28%
  • c)
    20%
  • d)
    25%
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
A customer saves Rs.320 at the rebate of 20% on market price of an art...
Hm ye b kh skte h ki 320 selling price ka 20 %h.
To total selling price hua 1600rs.
ab shopkeeper ko article pda 1000rs ka usne becha selling price p 20%discount krke.
Ab selling price ka 80% hua 1280rs.
Profit =280/1000*100= 28
Free Test
Community Answer
A customer saves Rs.320 at the rebate of 20% on market price of an art...
To find the profit percent of the shopkeeper, we need to first find the selling price of the article and then calculate the profit percentage using the formula:

Profit Percentage = (Profit / Cost Price) * 100

Let's break down the given information step by step:

1. The customer saves Rs. 320 at a rebate of 20% on the market price of the article.
- This means the customer paid 80% of the market price.
- Let the market price be 'M'.
- So, the customer paid 80/100 * M = 0.8M rupees.

2. The cost price of the article for the shopkeeper is Rs. 1000.
- This is the amount the shopkeeper paid to acquire the article.

3. To find the selling price, we need to add the profit to the cost price.
- Let's assume the selling price is 'S'.

4. The profit made by the shopkeeper can be calculated by subtracting the cost price from the selling price.
- Profit = Selling Price - Cost Price
- Profit = S - 1000

5. We know that the customer saved Rs. 320, which means the selling price for the customer is 320 rupees less than the market price.
- S = M - 320

6. Substituting the value of S from step 5 into the equation in step 4, we get:
Profit = (M - 320) - 1000
Profit = M - 1320

7. Now we can calculate the profit percentage using the formula mentioned earlier:
Profit Percentage = (Profit / Cost Price) * 100
Profit Percentage = ((M - 1320) / 1000) * 100
Profit Percentage = (M / 1000) * 100 - 132

8. Since the profit percentage is the same as the rebate percentage (20%), we can equate the two:
(M / 1000) * 100 - 132 = 20

9. Solving this equation, we find:
(M / 1000) * 100 = 20 + 132
(M / 1000) * 100 = 152

10. Simplifying further:
M / 10 = 152
M = 152 * 10
M = 1520

11. Now that we know the market price, we can calculate the profit percentage:
Profit Percentage = (M / 1000) * 100 - 132
Profit Percentage = (1520 / 1000) * 100 - 132
Profit Percentage = 152 - 132
Profit Percentage = 20

Therefore, the profit percentage of the shopkeeper is 20%, which corresponds to option 'B'.
Explore Courses for SSC exam

Similar SSC Doubts

Read the passage and answer the following questions.Advertising showcases products and services, seeking to persuade audiences to buy. It is a promotional tool that creates consumer awareness about a company’s products and services and drives business growth. The Internet has revolutionized the advertising industry, expanding it from traditional forms such as broadcast and print media into the realm of social media. Businesses now face great competition in enhancing the influence of their advertising to create awareness, drive sales, maintain market share and establish brand identity. Advertisements inform customers of new offerings, reminds them of existing products and updates them on any modifications and changes that may increase their urge to buy. Consumer protection laws require businesses to refrain from false and misleading advertising. Therefore, even as businesses seek to convey information about their products and services, they need to be in compliance with the law to avoid legaljeopardy. Businesses that engage in impact advertising are more likely to firmly establish themselves in the market because they create a lasting psychological impact on the audience, giving them valuable entertainment or information and creating a positive association with their product. In addition, businesses can establish a strong market position where, on the basis of their advertisements, they proceed to meet customer expectations through quality products and services that offer value for money.Q.Which of the following cannot be achieved by advertisement?

Read the passage and answer the following questions.Advertising showcases products and services, seeking to persuade audiences to buy. It is a promotional tool that creates consumer awareness about a company’s products and services and drives business growth. The Internet has revolutionized the advertising industry, expanding it from traditional forms such as broadcast and print media into the realm of social media. Businesses now face great competition in enhancing the influence of their advertising to create awareness, drive sales, maintain market share and establish brand identity. Advertisements inform customers of new offerings, reminds them of existing products and updates them on any modifications and changes that may increase their urge to buy. Consumer protection laws require businesses to refrain from false and misleading advertising. Therefore, even as businesses seek to convey information about their products and services, they need to be in compliance with the law to avoid legaljeopardy. Businesses that engage in impact advertising are more likely to firmly establish themselves in the market because they create a lasting psychological impact on the audience, giving them valuable entertainment or information and creating a positive association with their product. In addition, businesses can establish a strong market position where, on the basis of their advertisements, they proceed to meet customer expectations through quality products and services that offer value for money.Q.Why are consumer protection laws needed?

A customer saves Rs.320 at the rebate of 20% on market price of an article. If the cost price of the article for shopkeeper is Rs.1000, then the profit percent of shopkeeper is:a)30%b)28%c)20%d)25%Correct answer is option 'B'. Can you explain this answer?
Question Description
A customer saves Rs.320 at the rebate of 20% on market price of an article. If the cost price of the article for shopkeeper is Rs.1000, then the profit percent of shopkeeper is:a)30%b)28%c)20%d)25%Correct answer is option 'B'. Can you explain this answer? for SSC 2024 is part of SSC preparation. The Question and answers have been prepared according to the SSC exam syllabus. Information about A customer saves Rs.320 at the rebate of 20% on market price of an article. If the cost price of the article for shopkeeper is Rs.1000, then the profit percent of shopkeeper is:a)30%b)28%c)20%d)25%Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for SSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A customer saves Rs.320 at the rebate of 20% on market price of an article. If the cost price of the article for shopkeeper is Rs.1000, then the profit percent of shopkeeper is:a)30%b)28%c)20%d)25%Correct answer is option 'B'. Can you explain this answer?.
Solutions for A customer saves Rs.320 at the rebate of 20% on market price of an article. If the cost price of the article for shopkeeper is Rs.1000, then the profit percent of shopkeeper is:a)30%b)28%c)20%d)25%Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for SSC. Download more important topics, notes, lectures and mock test series for SSC Exam by signing up for free.
Here you can find the meaning of A customer saves Rs.320 at the rebate of 20% on market price of an article. If the cost price of the article for shopkeeper is Rs.1000, then the profit percent of shopkeeper is:a)30%b)28%c)20%d)25%Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A customer saves Rs.320 at the rebate of 20% on market price of an article. If the cost price of the article for shopkeeper is Rs.1000, then the profit percent of shopkeeper is:a)30%b)28%c)20%d)25%Correct answer is option 'B'. Can you explain this answer?, a detailed solution for A customer saves Rs.320 at the rebate of 20% on market price of an article. If the cost price of the article for shopkeeper is Rs.1000, then the profit percent of shopkeeper is:a)30%b)28%c)20%d)25%Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of A customer saves Rs.320 at the rebate of 20% on market price of an article. If the cost price of the article for shopkeeper is Rs.1000, then the profit percent of shopkeeper is:a)30%b)28%c)20%d)25%Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A customer saves Rs.320 at the rebate of 20% on market price of an article. If the cost price of the article for shopkeeper is Rs.1000, then the profit percent of shopkeeper is:a)30%b)28%c)20%d)25%Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice SSC tests.
Explore Courses for SSC exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev