alarm
Ask a question
Math
Cynthia Gregory

an article was purchased for ₹4000 . its price was marked up be 30%.it was sold at discount of 20%on the marked price. what is the profit% on the cp​

answers: 1
Register to add an answer
Answer:

Answer:

Quantitative Aptitude ≫ Profit and Loss ≫ Discount and MP

Question:

An article was sold for ₹ 4,000. Had a discount of 10% was being offered, the profit would have been 20%. The cost price of the article was:

Free Practice With Testbook Mock Tests

SSC GD Constable Mock Test 2021

SSC GD Constable Mock Test 2021

264 Total Tests | 11 Free Tests

Options:

₹ 3,200

₹ 3,310

₹ 3,000

₹ 3,600

Correct Answer: Option 3 (Solution Below)

Solution:

Given:

Selling Price = Rs. 4000

Profit percentage = 20%

Discount percentage = 10%

Formula used:

Profit percentage = {(SP - CP)/CP} × 100

where,

CP = Cost price

SP = Selling price

Calculation:

Let the CP be 100x.

If the discount of 10% was given on selling price, then new SP = 4000 - 4000 × 10%

⇒ 4000 - 400

⇒ 3600

Profit percentage = {(SP - CP)/CP} × 100

⇒ 20 = {(3600 - 100x)/100x} × 100

⇒ 20x = {3600 - 100x}

⇒ 120x = 3600

⇒ x = 30

CP will be 100 × 30 = Rs. 3000

301
brisk
For answers need to register.
351
cents
The time for answering the question is over
Contacts
mail@expertinstudy.com
Feedback
Expert in study
About us
For new users
For new experts
Terms and Conditions