A dealer fixed price of an article 40 % above cost of production. While selling it he allows a disco

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7.Profit and Loss

medium

A dealer fixed the price of an article $40 \%$ above the cost of production. While selling it he allows a discount of $20 \%$ and makes a profit of $Rs.\, 48$. The cost of production (in $Rs.$) of the article is

A

$360$

B

$420$

C

$400$

D

$320$

Solution

Let $C.P. =₹ 100$

$\therefore M P .=₹ 140$

$S.P.$ $=\frac{140 \times 80}{100}=₹ 112$

Profit $=₹(112-100)=₹ 12$

When Profit $₹12$ then $C.P.$ $= ₹100$

When profit $₹48$ the $C.P.$ $=\frac{100}{12} \times 48=Rs. 400$

Standard 13

Quantitative Aptitude

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