Discussion
The cost price of an article is ₹ 750. It is sold for ₹ 608 by giving 24% discount on its marked price. Had it been sold on its marked price, then what would have been the profit percent ?
Answer: A
The profit would have been \(6\frac{2}{3}\)%.
A 24% discount means the selling price is 76% of the marked price:
\[ \begin{aligned} \text{MP} &= \frac{608}{0.76} = 800 \\ \text{Profit} &= 800 - 750 = 50 \\ \text{Profit \%} &= \frac{50}{750} \times 100 = 6\tfrac{2}{3} \end{aligned} \]
Dividing the profit by the marked price instead of the cost price gives 6.25%, which is not offered, and 6% is the figure rounded down; 5% and \(5\frac{1}{3}\)% do not follow from a marked price of ₹ 800.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development