Question : What percentage above the cost price should a seller mark his goods so that, after allowing a discount of 20% on the marked price, he can earn a profit of 4%?
Option 1: 25%
Option 2: 28%
Option 3: 42%
Option 4: 30%
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: 30%
Solution : Discount = 20% Profit = 4% Let the cost price (CP) be 100 Profit = 4% of 100 = $\frac{4}{100}\times 100 = 4$ Selling Price of the product, SP = 100 + 4 = 104 Let the Marked Price (MP) be x. Discount = $\frac{20}{100}\times \text{x}=\frac{1}{5}\text{x}$ MP – Discount = SP ⇒ $\text x - \frac{1}{5}\text{x}$ = 104 ⇒ $\frac{5\text x - \text x}{5}$ = 104 ⇒ $\frac{4\text x}{5}$ = 104 ⇒ x = 130 Market Price (MP) = Rs. 130 Amount of MP above CP = MP – CP = 130 – 100 = Rs. 30 Percentage = $\frac{30}{100}\times 100= 30\%$ Hence, the correct answer is 30%.
Answer Key | Cutoff | Selection Process | Preparation Tips | Eligibility | Application | Exam Pattern
Question : A shopkeeper allows a discount of 20% on the marked price and still gains 12% on the whole. Find at what percentage above the cost price he marks his goods.
Question : At what percentage above the cost price must a person mark the price of an article so that he can enjoy a 20% profit after allowing a 20% discount?
Question : After allowing a discount of 12% on the marked price a shopkeeper still gains 21%. The marked price is above the cost price by:
Question : A dealer marks his goods at 44% above the cost price. Then he allows 50% discount on it. What would be his loss percentage?
Question : A treader wishes to gain 20% after allowing a 10% discount on the marked price to his customers. At what percent higher than the cost price must he mark up his goods?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile