Question : The marked price of a chair is 10% more than its cost price. If the chair is sold for INR 300 after a discount of INR 140, then what will be the loss percentage?
Option 1: 20%
Option 2: 12.5%
Option 3: 25%
Option 4: 17%
New: SSC MTS Tier 1 Answer key 2024 out
Don't Miss: Month-wise Current Affairs | Upcoming Government Exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: 25%
Solution : Selling price = INR 300 Discount = INR 140 Marked price = selling price + discount = 300 + 140 = INR 440 Marked price = 110% of cost price ⇒ INR 440 = $\frac{110}{100}$ × cost price $\therefore$ Cost price = $\frac{44000}{110}$ = INR 400 Now, Loss = cost price – selling price = 400 – 300 = INR 100 $\therefore$ Loss percentage $=\frac{\text{Loss}}{\text{Cost price}}× 100 = \frac{100}{400}× 100 = 25\%$ Hence, the correct answer is 25%.
Answer Key | Cutoff | Selection Process | Preparation Tips | Eligibility | Application | Exam Pattern
Question : The marked price of a pen is 25% more than its cost price. The pen is sold for INR 220 after a discount of INR 30. What is the profit percentage?
Question : The marked price of an article is 40% more than its cost price. If a 25% discount is given, what will be the profit percentage?
Question : The marked price is 10% higher than the cost price. A discount of 10% is given on the marked price. What is the gain or loss percentage?
Question : A shopkeeper allows a 20% discount on the marked price of an article and he suffers a loss of 12%. If the article is sold at marked price, then what will be the profit percentage?
Question : When a watch is sold at $\frac{7}{11}$ of the marked price, there is a loss of 20%. What is the ratio of the marked price to the cost price of this watch?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile