CTET PAPER II 2021 · PYQ · Profit and Loss / Discount · medium
The marked price of an article is ₹ 840. A shopkeeper gives a discount of 15% on the marked price and still makes a profit of 19%. What is the cost price of the article?
A.₹ 540
B.₹ 580
C.₹ 600✓ Correct
D.₹ 640
Explanation
Selling price after 15% discount on ₹ 840 = 840 × 0.85 = ₹ 714. If this yields a profit of 19%, then cost price × 1.19 = 714. Therefore, cost price = 714 / 1.19 = ₹ 600. Hence the cost price of the article is ₹ 600.
💡 Practice unlimited CTET PAPER II PYQs + AI-tracked progress on each topic. Sign up free →
Want more CTET PAPER II practice?
Free daily 10-Q quiz · adaptive mocks · 4,000+ verified PYQs · AI doubt solver in Hindi + English