Allied & ICAR Exam Bank • ALLIED_1912 MCQ • 2 Marks

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Ratios & Percentages

Question Statement:

By selling an item at Rs 720 after allowing a discount of 20% on the marked price, a merchant gains 20%. The cost price of the item is:

Options:

  • (A) Rs 600
  • (B) Rs 580
  • (C) Rs 640
  • (D) Rs 550

Answer Key:

A

Step-by-Step Solution & Explanation

Selling price $= 720$. Since profit is 20%: Cost price $= 720 / 1.20 = 600$ rupees.
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