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A shopkeeper buys an article for a certain amount. He then sells the article for Rs. 30 more to a middleman. The middleman then marks up the price by 10 percent and then sells it to the customer. If the net increase in the price of the article (after 2 transactions) is Rs. 93, the cost price of the article is
  • a)
    Rs. 500
  • b)
    Rs. 400
  • c)
    Rs. 300
  • d)
    Rs. 600
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
A shopkeeper buys an article for a certain amount. He then sells the a...
Let the cost price of the article be ‘c’.
The middleman buys the article for c+30 rupees.
He sells the article for 1.1*(c+30) = 1.1c + 33 rupees.
We know that the net increase in the price of the article is Rs. 93
1.1c + 33 - c = Rs. 93
0.1c = Rs.60
c = Rs. 600
Therefore, option D is the right answer.
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A shopkeeper buys an article for a certain amount. He then sells the article for Rs. 30 more to a middleman. The middleman then marks up the price by 10 percent and then sells it to the customer. If the net increase in the price of the article (after 2 transactions) is Rs. 93, the cost price of the article isa)Rs. 500b)Rs. 400c)Rs. 300d)Rs. 600Correct answer is option 'D'. Can you explain this answer?
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A shopkeeper buys an article for a certain amount. He then sells the article for Rs. 30 more to a middleman. The middleman then marks up the price by 10 percent and then sells it to the customer. If the net increase in the price of the article (after 2 transactions) is Rs. 93, the cost price of the article isa)Rs. 500b)Rs. 400c)Rs. 300d)Rs. 600Correct answer is option 'D'. Can you explain this answer? for SSC MTS / SSC GD 2025 is part of SSC MTS / SSC GD preparation. The Question and answers have been prepared according to the SSC MTS / SSC GD exam syllabus. Information about A shopkeeper buys an article for a certain amount. He then sells the article for Rs. 30 more to a middleman. The middleman then marks up the price by 10 percent and then sells it to the customer. If the net increase in the price of the article (after 2 transactions) is Rs. 93, the cost price of the article isa)Rs. 500b)Rs. 400c)Rs. 300d)Rs. 600Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for SSC MTS / SSC GD 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper buys an article for a certain amount. He then sells the article for Rs. 30 more to a middleman. The middleman then marks up the price by 10 percent and then sells it to the customer. If the net increase in the price of the article (after 2 transactions) is Rs. 93, the cost price of the article isa)Rs. 500b)Rs. 400c)Rs. 300d)Rs. 600Correct answer is option 'D'. Can you explain this answer?.
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