model 5 marked price Section-Wise Topic Notes With Detailed Explanation And Example Questions

MOST IMPORTANT quantitative aptitude - 11 EXERCISES

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The following question based on profit & loss topic of quantitative aptitude

Questions : Richa purchased an article at $4/5$ of its list price and sold it at 20% more than the list price. Richa’s profit percent was

(a) 50%

(b) 30%

(c) 25%

(d) 40%

The correct answers to the above question in:

Answer: (a)

Let list price of article = Rs.100

CP for Richa = 100 × $4/5$ = Rs.80

S.P. for Richa = Rs.120

Gain = 120 - 80 = Rs.40

Gain per cent = $40/80 × 100$ = 50%

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Read more marked price Based Quantitative Aptitude Questions and Answers

Question : 1

To gain 8% after allowing a discount of 10%, by what per cent cost price should be hiked in the list price ?

a) 9%

b) 18%

c) 20%

d) 11%

Answer: (c)

Let the cost price be 100 and marked price be Rs.x.

Then, ${x × 90}/100 = 108$

${9x}/10 = 108$ ⇒ x = ${108 × 10}/9$ = 120

Required percentage = 20%

Question : 2

A shopkeeper sold sarees at Rs.266 each after giving 5% discount on labelled price. Had he not given the discount, he would have earned a profit of 12% on the cost price. What was the cost price of each saree?

a) Rs.280

b) Rs.240

c) Rs.250

d) Rs.260

Answer: (c)

Let C.P. of each sari = Rs.x

Marked price = $({112x}/100)$

$95/100 × {112x}/100$ = 266

$x = {266 × 100 × 100}/{95 × 112}$ = Rs.250

Question : 3

Arvind purchased a wrist watch with 30% discount on the labelled price. He sold it with 40% profit on the price he bought. What was his percent loss on the labelled price?

a) 2%

b) 4%

c) 8%

d) 6%

Answer: (a)

Let Marked price = Rs.x

C.P. = ${7x}/10$

S.P. = ${7x}/10 × 140/100 = {98x}/100$

Loss = $x - {98x}/100 = {2x}/100$

Loss per cent = ${2x}/{100 × x} × 100 = 2%$

Question : 4

A publisher printed 2000 copies of a book at a cost of Rs.70,000. He distributes 400 copies free as specimen copies. He gave 30% discount on printed price and the printed price of each book is Rs.75. What is his gain or loss percentage ?

a) 20% gain

b) 10% loss

c) 10% gain

d) 20% loss

Answer: (a)

S.P. of each book = ${75 × 70}/100$ = Rs.52.50

Total S.P. = 1600 × 52.50 = Rs.84000

Gain = 84000 - 70000 = Rs.14000

Gain% = $14000/70000 × 100$ = 20%

Question : 5

A dealer purchased a washing machine for Rs.7,660. After allowing a discount of 12% on its marked price, he still gains 10%. Find the marked price of the washing machine.

a) Rs.9,575

b) Rs.8,246

c) Rs.9,755

d) Rs.8,426

Answer: (a)

If the marked price of the washing machine be Rs.x, then

${x × 88}/100 = {7660 × 110}/100$

$x = {7660 × 110}/88$ = Rs.9575

Question : 6

How much percent above the cost price should a shopkeeper mark his goods so as to earn a profit of 32% after allowing a discount of 12% on the marked price ?

a) 50%

b) 60%

c) 45%

d) 40%

Answer: (a)

Let the C.P. be Rs.100 and the marked price be Rs.x.

$x × 88/100$ = 132

$x = {132 × 100}/88$

= 150 i.e., more by 50%

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