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?
Option 1: 77.5%
Option 2: 100%
Option 3: 112.5%
Option 4: 87.5%
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: 100%
Solution : Let the mark price be denoted as MP, the cost price as CP and the selling price as SP. Let the marked price of each article be $100x$. SP of each article = $80x$ According to the question, He is selling 8 articles at a rate of 6 articles. SP of 8 articles = $80x \times 6 = 480x$ Now, CP of 8 articles = $480x\times \frac{100}{120} = 400x$ CP of 1 article = $\frac{400x}{8} = 50x$ $\therefore$ Percent above the cost price = $\frac{100x - 50x}{50x} \times 100$ = 100% Hence, the correct answer is 100%.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
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:
Question : A manufacturer sells an article to a wholesale dealer at a profit of 10%. The wholesale dealer sells it to a shopkeeper at 20% profit. The shopkeeper sells it to a customer for Rs. 56,100 at a loss of 15%. Then the cost price of the article to the manufacturer is:
Question : A dishonest dealer sells articles at a 15% loss on cost price but uses the weight of 20 g instead of 25 g. What is his profit or loss percentage?
Question : A dealer gains 20% by selling an article at 25% discount on its marked price. If the cost price of the article is decreased by 15%, how much discount percentage should he now give on the same marked price so as to earn the same percentage of profit as before?
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?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile