SSC GD 2021 PYQ — Question 67

The correct answer is option 1 i.e. 1,100.

Given:

A dealer allows his customers a discount of 15% and still gains 10%.

Cost price of an article is ₹ 850

Formula used:

Selling price = Cost price + Cost price × profit%           ---- (1)

Selling price = Marked price - Marked price × discount%        ---- (2)

Calculations:

Selling price of the article when profit is 10%

Using equation (1),

⇒ Selling price = 850 + 850 × 10% = 850 + 85 = 935

Using equation (2),

Marked price = 935 × (100/85) = 1100