Question : The marked price of the article is Rs. 5,000. But due to a special festive offer a certain percent discount is declared, Mr. X availed of this opportunity and bought the article at a reduced price. He then sold it at Rs. 5,000 and thereby made a profit of $11\frac{1}{9}\%$. The percentage of discount was:
Option 1: $10\%$
Option 2: $3\frac{1}{3}\%$
Option 3: $7\frac{1}{2}\%%$
Option 4: $11\frac{1}{9}\%$
Latest: SSC CGL Tier 1 Result 2024 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: $10\%$
Solution : Let the cost price of the article for Mr. X as $x$. Given that Mr. X sold the article at Rs. 5000 and made a profit of $11\frac{1}{9}\%$. $⇒5000 = x + \frac{11\frac{1}{9}}{100}x$ $⇒5000=x+\frac{1}{9}x $ $⇒5000= \frac{10}{9}x$ $⇒x = \frac{5000 \times 9}{10} = 4500$ The marked price of the article = Rs. 5,000 The discount on the marked price = 5000 – 4500 = Rs. 500 The percentage of discount $=\frac{500}{5000} \times 100 = 10\%$ Hence, the correct answer is $10\%$.
Candidates can download this ebook to know all about SSC CGL.
Result | Eligibility | Application | Selection Process | Preparation Tips | Admit Card | Answer Key
Question : An article was sold at Rs. 950, allowing a 5% discount on the marked price. The marked price of the article is:
Question : A shopkeeper sold an item at 10% loss after giving a discount equal to half the marked price. Then the cost price is:
Question : An article is sold at a certain price. If it is sold at $33 \frac{1}{3}$% of this price, there is a loss of $33 \frac{1}{3}$%. What is the percentage profit if the article is sold at 80% of its original selling price?
Question : The marked price of an article is INR 10,927. Due to the festive season, a certain percentage of discount is declared. Raju buys an article at a reduced price and sells it at INR 10927, and makes a profit of 11.5%. What was the percentage discount offered?
Question : When a discount of Rs. 42 is allowed on the Marked price of an article, the new reduced price becomes 86% of the original price. Find the Marked price.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile