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A profit of 8% is made by selling a shirt after offering a discount of 12%. If the marked price of the shirt is Rs 1,080/-, find its cost price.


A) Rs 890/-

B) Rs 780/-

C) Rs 880/-

D) Rs 900/-

E) None of these

Correct Answer:
C) Rs 880/-

Description for Correct answer:
We known that,

cost price = Marked price

x ( \( \Large \frac{100 - Discount percent}{100 + Profit percent} \) )

= 1080 x ( \( \Large \frac{100 -12}{100 + 8} \) )

= 1080 x \( \Large \frac{88}{108} \) = Rs 880/-

Part of solved SBI JuniorAssociate-6 questions and answers : Exams >> Bank Exams >> SBI JuniorAssociate-6




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