If an article is marked 40% above the cost price. If a discount of x% is given on the market price of the article then the final profit of 12% is obtained. Now if CP of a new article is 120 Rs. and x% profit is desired then what should be the selling price of that new article?

1:

244

2:

146

3:

144

4:

134

5:

128

CP = 100

MP = 140

MP${1−100X }$ = 1.12CP

1.4CP${1−100X }$ = 1.12CP

${1−100X }$ = $1.401.12 $

$100x $ = $1−1.401.12 $

$100x $ = $1.40.28 $

x = 20%

CP of new article = 120

profit = 20%

SP = 120 $×$ $100120 $ = 144 Rs.

This has been asked in Question Paper

SBI PO Prelims 2017

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