Question : An article is marked 25% above its cost price. If $x$% discount is allowed on the marked price and still there is a profit of 5.5%, then what is the value of $x$?
Option 1: 16.4
Option 2: 15.4
Option 3: 13.6
Option 4: 15.6
Latest: SSC CGL 2024 final Result Out | SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL Tier 1 Scorecard 2024 Released | SSC CGL complete guide
Suggested: Month-wise Current Affairs | Upcoming Government Exams
Correct Answer: 15.6
Solution : Given, An article is Marked 25% above the cost price. After giving $x$% discount still makes a profit of 5.5%. We know, SP = [$\frac{100 + \text{gain percentage}}{100}$] × CP And, SP = [MP – (MP × discount percentage)] Let the cost price of the article be 100 units. According to the question, The selling price of the article is = $[\frac{100 + 5.5}{100}] × 100$ = 105.5 units The Marked price of the article is = [100 + (100 × 25%)] = 100 + 25 = 125 units Also, The selling price of the article is = 105.5 ⇒ [125 – (125 × $x$%)] = 105.5 ⇒ 125 – $\frac{5x}{4}$ = 105.5 ⇒ $\frac{5x}{4}$ = 19.5 ⇒ $x = \frac{19.5 × 4}{5}$ ⇒ $x = 15.6$ Hence, the correct answer is 15.6.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : The marked price of an article is 40% above its cost price. If its selling price is $73 \frac{1}{2} \%$ of the marked price, then the percentage profit is:
Option 1: 2.9%
Option 2: 2.7%
Option 3: 2.6%
Option 4: 2.5%
Question : The marked price of an article is 20% more than its cost price. What is the profit percent if a 5% discount is given on the marked price?
Option 1: 5
Option 2: 14
Option 3: 15
Option 4: 25
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?
Option 1: 4.32%
Option 2: 5.08%
Option 3: 5.12%
Option 4: 4.87%
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.):
Option 1: 500
Option 2: 525
Option 3: 505
Option 4: 520
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?
Option 1: 32.50%
Option 2: 35%
Option 3: 36.25%
Option 4: 37.75%
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile