Question : Manoj marked his goods 30% above the cost price and gave a 12% discount to the customers. The profit or loss percentage is:
Option 1: 14.8% loss
Option 2: 15.4% profit
Option 3: 14.4% profit
Option 4: 15% loss
New: SSC CHSL Tier 2 answer key released | SSC CHSL 2024 Notification PDF
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: 14.4% profit
Solution : Let the cost price be $x$. Manoj marked his goods 30% above the cost price. So, the marked price $=\frac{130}{100}x=\frac{13x}{10}$ He then gave a 12% discount on the marked price. The selling price $=\frac{100-12}{100}×\frac{13x}{10}=\frac{143x}{125}$ Since the selling price is more than the cost price, Manoj made a profit. Profit percentage = $\frac{\text{Selling price – Cost price}}{\text{Cost price}}×100=\frac{\frac{143x}{125}-x}{x}×100=\frac{18x}{125x}×100= 14.4\%$ Hence, the correct answer is a 14.4% profit.
Candidates can download this e-book to give a boost to thier preparation.
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Question : A merchant marked his goods 20% above the cost price and sold the goods at a profit of 8%. The rate of discount is:
Question : The marked price of the cupboard is INR 15,750, which is 50% above its cost price. It is sold at a discount of 40%. What is the profit/loss percentage?
Question : A trader allows a 40% discount on his goods, but he loses 30% on them. Find the percentage of the marked price above the cost price.
Question : A merchant increases the cost price of an item by 30% and offers a discount of 15% on this marked price. What is his profit percentage?
Question : A tradesman marks his goods 25% above the cost price and allows his customers a discount of 12% on their bill. How much % profit do tradesmen realize?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile