Question : A dealer marks his goods 20% above their cost prices. Then he allows such a discount on the marked price that he makes a profit of 8%. The rate of discount is:
Option 1: 12%
Option 2: 10%
Option 3: 6%
Option 4: 4%
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: 10%
Solution : Given: A dealer marks his goods 20% above their cost price (CP). Then he allows such a discount on the marked price (MP) that he makes a profit of 8%. Let the CP = Rs. 100 Then, the MP = (100 + 20) = Rs. 120 Now profit = 8% So, selling price (SP) = (100 + 8) = Rs. 108 Discount percentage = $\frac{\text{Marked Price – Selling Price}}{\text{Marked Price}}×100$% = $(\frac{120-108}{120})×100$ = 10% Hence, the correct answer is 10%.
Candidates can download this ebook to know all about SSC CGL.
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Question : A tradesman marks his goods 20% above his cost price. If he allows his customer a 20% discount on the marked price, how much profit or loss does he make, if any:
Question : A dealer marks his goods at 40% above the cost price. He sells 60% of the goods at the marked price by giving a 10% discount and the rest by giving a 50% discount on the marked price. What is his overall profit or loss percentage?
Question : A dealer marks his goods at 20% above the cost price and allows a discount of 15% on the marked price. What is his gain or loss percentage?
Question : A dealer offers a cash discount of 20% and still makes a profit of 20%. If he further sells 8 articles at a rate of 6 articles, then how much percentage above the cost price does he mark on each article?
Question : A dealer marks his goods at 20% above the cost price and allows a discount of 15%. What is his gain percentage?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile