SSC CGL – Combined Graduate Level Examination · Question 72
A shopkeeper marks his products 50% above the cost price and allows a discount of 20% on the marked price. He also gives an additional cash discount of ₹120 and still makes a profit of 16% on cost. What is the cost price of the product?
Show answer & explanation
Answer: (B) ₹3,000
Explanation
1.5 × 0.8C − 120 = 1.16C gives 0.04C = 120, so C = ₹3,000.