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 : 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%

The correct answers to the above question in:

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 = ${2x}/{100 × x} × 100 = 2%$

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Read more marked price Based Quantitative Aptitude Questions and Answers

Question : 1

The profit percent of a book seller if he sells book at marked price after enjoying a commission of 25% on marked price will be :

a) 30%

b) 20%

c) 33$1/3$%

d) 25%

Answer: (c)

If the marked price be Rs.100,

then C.P. = Rs.75; S.P. = Rs.100

Gain per cent = $25/75 ×100$

= $100/3 = 33{1}/3%$

Question : 2

A shopkeeper offers a discount of 10% on his articles. The marked price of the article is Rs.450. The selling price should be

a) Rs.395

b) Rs.405

c) Rs.400

d) Rs.410

Answer: (b)

S.P. of article = ${450 × 90}/100$ = Rs.405

Question : 3

A shopkeeper marked the selling price of his goods in such a way that after giving a discount of 10% he gains 17%. How much per cent above the cost price is the marked price?

a) 36%

b) 30%

c) 40%

d) 27%

Answer: (b)

C.P. of the article = Rs.100 and marked price = x

$x × 90/100$ = 117

$x = {117 × 100}/90$

= 130 i.e. 30% above C.P.

Question : 4

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 : 5

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 : 6

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%

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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