Question : A person marks an article 36% above the cost price and offers a 30% discount on the marked price. What is the loss or gain percentage?
Option 1: Loss 6.5%
Option 2: Loss 4.8%
Option 3: Gain 8.5%
Option 4: Gain 7.2%
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: Loss 4.8%
Solution : Let the cost price be 100. Marked price above 36% = 100 + 36 = 136 Discount = 30% Selling price = $\frac{100-\text{discount %}}{100}\times$ marked price = $\frac{100-30}{100}\times136$ = $\frac{70}{100}\times136$ = $95.2$ Loss = Cost price – selling price = 100 – 95.2 = 4.8 Loss percentage $=\frac{\text{Loss}}{\text{Cost price}}\times100=\frac{4.8}{100}\times100= 4.8\%$ Hence, the correct answer is a loss of 4.8%.
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 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 trader gains 25% by selling an article with a 20% discount on its marked price. If the cost price of the article increases by 30%, then how much discount (in %) should he offer on the same marked price to gain 15% of profit?
Question : A dealer is selling an article at a discount of 5% on the marked price. If the marked price is 12% above the cost price and the article was sold for Rs. 532, then the cost price is (in Rs.):
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 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?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile