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UPSC 2002: A trader fixed the price of an article in such a way that by giving a rebate of 10 % on the price fixed he made a profit of 15 %. If the cost of the article is Rs 72, the price fixed on it is
(a)Rs 82.80
(b)Rs 90.00
(c)Rs 92.00
(d)Rs 97.80
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Not attemptedCorrect Answer: (c) Rs 92.00
Let the marked price be M. After a 10 % rebate, selling price = 0.9 M, which must give 15 % profit on the ₹72 cost price: 0.9 M = 72 × 1.15 ⇒ M = (72 × 1.15)/0.9 = ₹92. Hence the trader fixed the price at Rs 92.00. ([edurev.in](https://edurev.in/t/203202/Arithmetic-Solved-Questions-1995-2020--4?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2002 Science & Technology question?▼
The correct answer is option (c): Rs 92.00. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Quantitative Aptitude question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2002, GS Paper 1, as Question 10. It falls under Science & Technology > Quantitative Aptitude.
What is the difficulty level of this UPSC question?▼
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
How many UPSC Prelims questions have been asked from Quantitative Aptitude?▼
UPSC has asked 178 questions from Quantitative Aptitude (under Science & Technology) across multiple years. Visit the topic page to see the full list and year-wise trends.