model 5 marked price Section-Wise Topic Notes With Detailed Explanation And Example Questions
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The following question based on profit & loss topic of quantitative aptitude
(a) Rs.20
(b) Rs.14
(c) Rs.10
(d) Rs.15
The correct answers to the above question in:
Answer: (b)
Difference in percentage of sales tax
= $7/2 - 10/3 = {21 - 20}/6 = 1/6$%
Required difference
= $1/6$% of 8400
= $1/6 × 1/100 × 8400$ = Rs.14
Discuss Form
Read more marked price Based Quantitative Aptitude Questions and Answers
Question : 1
By selling an article at $2/3$ of the marked price, there is a loss of 10%. The profit percent, when the article is sold at the marked price, is
a) 20%
b) 35%
c) 40%
d) 30%
Answer »Answer: (b)
Using Rule 3,If an object is sold on r% Profit.
then,S.P. = C.P$[{100 + \text"Profit%"}/100]$orC.P. = S.P$[100/{100 + \text"Profit%"}]$
Similarly, If an object is sold on r% loss, then
S.P. = C.P.$[{100 - \text"Loss%"}/100]$orC.P. = S.P$[100/{100 - \text"Loss%"}]$
Suppose marked price = Rs.x
S.P.= Rs.${2x}/3$
CP = ${2x}/{3 × 90} × 100 = {20x}/27$
Profit at marked price = $x - {20x}/27 = {7x}/27$
Per cent profit = ${{7x}/27}/{{20x}/2} × 100$
= ${7x}/27 × 27/{20x} × 100$ = 35%
Question : 2
A tradesman allows a discount of 15% on the marked price. How much above the cost price must he mark his goods as to gain 19%?
a) 34%
b) 25%
c) 30%
d) 40%
Answer »Answer: (d)
Let the CP of the article be Rs.100.
SP = Rs. 119
If the marked price be Rs.x, then,
$85/100 of x$ = 119
$85/100 × x = 119$
$x = {119 × 100}/85 = 140$
Clearly, the marked price is 40% above the cost price.
Question : 3
Rita bought a television set with 20% discount on the labelled price. She made a profit of Rs.800 by selling it for Rs.16,800. The labelled price of the set was
a) Rs.18,000
b) Rs.20,800
c) Rs.24,000
d) Rs.20,000
Answer »Answer: (d)
Let the marked price of the television be Rs.x.
CP for Rita = Rs.(16800 - 800) = Rs.16000
80% of x = 16000
$x = {16000 × 100}/80$ = Rs.20000
GET profit & loss PRACTICE TEST EXERCISES
Model 1 Basic Concepts of C.P and S.P
model 2 gain lost percentage
model 3 gain/loss % with C.P/S.P
model 4 sold & brought
model 5 marked price
model 6 sold in circular path
model 7 sold at loss
model 8 two article sold in different rates
model 9 selling an article & interchanging its values
model 10 reduced/increased price of an article
model 11 ratio & partnership
profit & loss Shortcuts and Techniques with Examples
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Model 1 Basic Concepts of C.P and S.P
Defination & Shortcuts … -
model 2 gain lost percentage
Defination & Shortcuts … -
model 3 gain/loss % with C.P/S.P
Defination & Shortcuts … -
model 4 sold & brought
Defination & Shortcuts … -
model 5 marked price
Defination & Shortcuts … -
model 6 sold in circular path
Defination & Shortcuts … -
model 7 sold at loss
Defination & Shortcuts … -
model 8 two article sold in different rates
Defination & Shortcuts … -
model 9 selling an article & interchanging its values
Defination & Shortcuts … -
model 10 reduced/increased price of an article
Defination & Shortcuts … -
model 11 ratio & partnership
Defination & Shortcuts …
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