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 : 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

The correct answers to the above question in:

Answer: (b)

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

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Read more marked price Based Quantitative Aptitude Questions and Answers

Question : 1

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 : 2

A tradesman marks his goods 30% more than the cost price. If he allows a discount of 6$1/4$% , then his gain per cent is

a) 23$3/4$%

b) 21$7/8$%

c) 30%

d) 22%

Answer: (b)

C.P. of article = Rs.100

Marked price = Rs.130

Selling price = ${130 × (100 - {25/4})}/100$

= ${130 × 375}/400$ = Rs.$975/8$ = Rs.$(121{7}/8)$

Gain = $21{7}/8%$

Question : 3

A trader marked the price of a commodity so as to include a profit of 25%, but allowed a discount of 16% on the marked price. His actual profit will be

a) 16%

b) 5%

c) 9%

d) 25%

Answer: (b)

C.P. of article = Rs.100

Marked price = Rs.125

S.P. = ${125 × 84}/100$ = Rs.105

Gain per cent = 5%

Method 2 :

Gain per cent = $(25 -16 - {25 × 16}/100)%$ = 5%

Gain % = ${x - y - xy}/100$

Question : 4

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 : 5

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 : 6

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

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