model 1 profit x after discount y Section-Wise Topic Notes With Detailed Explanation And Example Questions

MOST IMPORTANT quantitative aptitude - 4 EXERCISES

Top 10,000+ Aptitude Memory Based Exercises

The following question based on discount topic of quantitative aptitude

Questions : A shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of the cost price and the printed price of the book is

(a) 47 : 51

(b) 47 : 56

(c) 45 : 56

(d) 45 : 51

The correct answers to the above question in:

Answer: (c)

Let the CP be Rs.100.

SP = Rs.112

If the marked price be x, then

90 % of x = 112

x = ${112 × 100}/90$ = Rs.$1120/9$

Required ratio = 100 : $1120/9$

= 900 : 1120 = 45 : 56

Using Rule 6,

Here, r = 12% D = 10%

$\text"MP"/\text"CP" = {100 + r}/{100 - D}$

$\text"MP"/\text"CP" = {100 + 12}/{100 - 10}$

$\text"MP"/\text"CP" = 112/90$

$\text"CP"/\text"MP" = 90/112$

$\text"CP"/\text"MP" = 45/56$

C.P. : M.P. = 45 : 56

Practice discount (model 1 profit x after discount y) Online Quiz

Discuss Form

Valid first name is required.
Please enter a valid email address.
Your genuine comment will be useful for all users! Each and every comment will be uploaded to the question after approval.

Read more based problems makes profit Based Quantitative Aptitude Questions and Answers

Question : 1

A trader wishes to gain 20% after allowing 10% discount on the marked price to his customers. At what per cent higher than the cost price must he marks his goods ?

a) 35%

b) 34$2/3$%

c) 30%

d) 33$1/3$%

Answer: (d)

Let the CP be Rs.100.

Then SP = Rs.120

Let the marked price be x.

Then, 90% of x = Rs.120

$x = {120 × 100}/90$

= $400/3 = 133{1}/3$

It is $33{1}/3$% higher than the CP.

Question : 2

By giving a discount of 10% on the marked price of Rs.1100 of a cycle, a dealer gains 10%. The cost price of the cycle is :

a) Rs.891

b) Rs.1089

c) Rs.1100

d) Rs.900

Answer: (d)

Selling Price

= Rs.(1100 - 10% of 1100)

= Rs.(1100 - 110) = Rs.990

Let the cost price = x

x + 10% of x = 990

${11x}/10$ = 990

$x = {990 × 10}/11$ = Rs.900

Using Rule 6,

Here, r = 10%, D = 10%, M.P. = Rs.1100, C.P. = ?

$\text"MP"/\text"CP" = {100 + r}/{100 - D}$

$1100/\text"CP" = {100 + 10}/{100 - 10}$

C.P. = ${1100 × 90}/110$ = Rs.900

Question : 3

The marked price of an article is Rs.200. A discount of 12$1/2$%is allowed on the marked price and a profit of 25% is made. The cost price of the article is :

a) Rs.140

b) Rs.120

c) Rs.200

d) Rs.175

Answer: (a)

Discount = $12{1}/2% = 25/2$%

After discount S.P.

= Rs.200 × 87.5 = Rs.175

Gain % = 25%

Required C.P.

= Rs.$100/125$ × 175 = Rs.140

Using Rule 6,

Here, r = 25%, D = 12.5%,M.P. = Rs.200, C.P. = ?

$\text"MP"/\text"CP" = {100 + r}/{100 - D}$

$200/\text"CP" = {100 + 25}/{100 - 12.5}$

C.P. = ${200 × 87.5}/125$ ⇒ C.P.= Rs.140

Question : 4

After allowing a discount of 12% on the marked price, a shopkeeper still gains 21%. The marked price is above the cost price by

a) 42.5%

b) 37.5%

c) 25%

d) 30%

Answer: (b)

C.P. of article = Rs.100

Marked price be x

${x × 88}/100$ = 121

$x = {121 × 100}/88$ = Rs.137.5

i.e. 37.5% above C.P.

Using Rule 9,

Here, r = 12%, R = 21%

Required percentage

= $({r + R}/{100 - r} × 100)$%

= $({12 + 21}/{100 - 12}) × 100%$

= $33/88 × 100%$

= $3/8 × 100$

= $300/8$% = 37.5%

Question : 5

The true discount on Rs.1, 860 due after a certain time at 5% is Rs.60. Find the time after which it is due.

a) 1 year

b) 9 months

c) 10 months

d) 8 months

Answer: (d)

Present worth

= 1860 - 60 = Rs.1800

Time = ${100 × \text"True Discount"}/\text"Present worth × Rate"$

= ${100 × 60}/{1800 × 5} = 2/3$ year

= $(2/3 × 12)$ months = 8 months

Question : 6

A shopkeeper buys an article for Rs.180. He wishes to gain 20% after allowing a discount of 10% on the marked price to the customer. The marked price will be

a) Rs.300

b) Rs.270

c) Rs.210

d) Rs.240

Answer: (d)

SP = $180 × 120/100$ = Rs.216

90% = 216

100% = $216/90 × 100$ = Rs.240

Recently Added Subject & Categories For All Competitive Exams

Classification Reasoning MCQ For IBPS Clerk Prelims 2024

Most Important 100+ Classification based Verbal Reasoning Ability Multiple choice questions and answers PDF, Free New Mock tests For IBPS Clerk Prelims 2024

03-May-2024 by Careericons

Continue Reading »

Ratio and Proportion Questions with Solutions, IBPS Clerk

New Ratio and Proportion Quants Aptitude based Multiple Choice Questions and Answers Practice Test Series, Quiz & Mock Test for IBPS Clerk Prelims 2024 Exam

02-May-2024 by Careericons

Continue Reading »

Top Analogy Reasoning Ability For IBPS Clerk Prelims 2024

Most Important Analogy based Verbal Reasoning Multiple choice questions and answers practice quiz series PDF, Free New Mock tests For IBPS Clerk Prelims 2024

01-May-2024 by Careericons

Continue Reading »

SSC STENO: Mensuration Area & Volume Questions Test PDF

Free Mensuration Area and Volume Aptitude-based Practice multiple questions with solutions, Quiz, Full Mock Test & PDF for SSC Steno (Grade C & D) 2024 Exam

30-Apr-2024 by Careericons

Continue Reading »