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 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%

The correct answers to the above question in:

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.

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Read more marked price Based Quantitative Aptitude Questions and Answers

Question : 1

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 : 2

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 : 3

A got 30% concession on the label price of an article sold for Rs.8,750 with 25% profit on the price he bought. The label price was

a) Rs.13,000

b) Rs.12,000

c) Rs.10,000

d) Rs.16,000

Answer: (c)

Marked price = Rs.x

C.P. = ${70x}/100$ = Rs.${7x}/10$

${7x}/10 × 125/100$ = 8750

$x = {8750 × 1000}/{7 × 125}$ = Rs.10000

Question : 4

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 : 5

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 : 6

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 = ${2x}/{100 × x} × 100 = 2%$

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