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Question

An article is marked for sale at ₹275. The shopkeeper allows a discount of 5% on the Marked Price. His net profit is 4.5%.

How much did the shopkeeper pay for the article?


A

₹30

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B

₹240

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C

₹250

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D

₹265

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Solution

The correct option is C

₹250


Given : MP = ₹ 275.

Discount% = 5%

Discount = 5100×275 = ₹13.75

SP = ₹275 - ₹13.75 = ₹261.25

Let the Cost Price be ₹ y

As per problem,

y + 4.5100× y = 261.25

104.5100 y = 261.25

y = 261.25×100104.5

y = ₹250


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