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A man bought an article at Rs.600. He marks up the cost of article and

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Joined: 18 Dec 2017
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Location: United States (KS)
GMAT 1: 600 Q46 V27
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A man bought an article at Rs.600. He marks up the cost of article and  [#permalink]

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New post 01 Jun 2020, 20:46
2
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A
B
C
D
E

Difficulty:

  65% (hard)

Question Stats:

31% (02:38) correct 69% (03:16) wrong based on 13 sessions

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A man bought an article at Rs.600. He marks up the cost of article and sells it in such a way that if he will give 46(2/3)% discount then loss occur to him is equal to profit earn by him if he will give 20% discount. Find the Mark price of article?
(a) Rs.1500
(b) Rs.800
(c) Rs.900
(d) Rs.1200
(e) Rs.1800

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Re: A man bought an article at Rs.600. He marks up the cost of article and  [#permalink]

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New post 02 Jun 2020, 09:41
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Answer is C

Man bought the article for 600 (this is the cost price).
Let us assume that he adds up a cost of x to mark up the selling price to (600+x)

So CP= 600 and SP= 600+x

Now if he offers a discount of 46(2/3)% his new SP= 53(1/3)% of 600+x

Loss= CP- SP
= 600- 53(1/3)% (600+x)

If he sells at a discount of 20%, his SP in this case= 80% (600+x)

Profit= SP- CP
= 80% (600+x) - 600

Now given, Loss= Profit

600- 56(1/3)%(600+x) = 80% (600+x) - 600

Solving this we get the answer as 900.

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A man bought an article at Rs.600. He marks up the cost of article and  [#permalink]

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New post 03 Jun 2020, 23:10
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TheNightKing wrote:
A man bought an article at Rs.600. He marks up the cost of article and sells it in such a way that if he will give 46(2/3)% discount then loss occur to him is equal to profit earn by him if he will give 20% discount. Find the Mark price of article?
(a) Rs.1500
(b) Rs.800
(c) Rs.900
(d) Rs.1200
(e) Rs.1800



\(46\frac{2}{3}\) =\(\frac{140}{3}\)-> so a discount of \(\frac{140}{3}\)% on m.p -> S.P.=\( \frac{160}{300}\)m.p

and a discount of 20% on m.p. ->S.P.= \(\frac{80}{100}\)m.p.

\(600 - \frac{160}{300}m.p. = \frac{80}{100}m.p. -600\)

on solving above = m.p.= 900

Hope it's clear.
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A man bought an article at Rs.600. He marks up the cost of article and   [#permalink] 03 Jun 2020, 23:10

A man bought an article at Rs.600. He marks up the cost of article and

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