Question Details

A mark up the good 80% above the cost price and give a discount of Rs 160. If he gets a profit of Rs 200, the find the cost price of the article (in Rs).

Options

A

450

B

420

C

400

D

360

Show Answer

Correct Answer :

Option A

450

450

Solution :

To find the cost price of the article, we can set up the relationships between the Cost Price (CP), Marked Price (MP), and Selling Price (SP) step-by-step.

Let the cost price of the article be CP (in Rs).

Step 1: Determine the Marked Price (MP)
The article is marked up by 80% above the cost price. Therefore, the marked price is:

MP=CP+80% of CP

MP=CP+0.8CP=1.8CP

Step 2: Determine the Selling Price (SP)
A discount of Rs 160 is given on the marked price. The selling price is calculated as:

SP=MP-160

SP=1.8CP-160

Step 3: Relate Selling Price to Profit
The profit obtained is Rs 200. Profit is the difference between the selling price and the cost price:

Profit=SP-CP

Substituting the values we know into this equation:

200=(1.8CP-160)-CP

Step 4: Solve for the Cost Price (CP)
Simplify the right side of the equation:

200=0.8CP-160

Add 160 to both sides of the equation:

0.8CP=200+160

0.8CP=360

Divide both sides by 0.8:

CP=3600.8

CP=450

Therefore, the cost price of the article is Rs 450.

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