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

Questions : The marked price of an article is Rs. 5000. But due to a special festive offer a certain per cent of discount is declared. Mr. X availed this opportunity and bought the article at reduced price. He then sold it at Rs. 5000 and thereby made a profit of 11$1/9$%. The percentage of discount allowed was

(a) 10

(b) 7$1/2$

(c) 11$1/9$

(d) 3$1/3$

The correct answers to the above question in:

Answer: (a)

Let the C.P. for Mr. X = Rs.x

According to the question,

$(100 + 100/9)$% of x = 5000

$x × 1000/900$ = 5000

$x = {5000 × 9}/10$ = Rs.4500

Discount = Rs.(5000 - 4500) = Rs.500

Discount per cent = $500/5000$ × 100 = 10%

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Read more marked price Based Quantitative Aptitude Questions and Answers

Question : 1

Mohan purchased a bag with 20 percent discount on the labelled price. He sold it at 40 percent profit on the price he bought. The percentage of profit on the labelled price is :

a) 20%

b) 18%

c) 24%

d) 12%

Answer: (d)

Let the marked price be Rs.100.

Mohan’s C.P. = Rs.80

Mohan’s S.P. = ${80 × 140}/100$ = Rs.112

Required profit percent = 12%

Question : 2

A shopkeeper allows a rebate of 12% on the marked price of an article such that the selling price is Rs.440. Then the marked price of the article is

a) Rs.490

b) Rs.600

c) Rs.550

d) Rs.500

Answer: (d)

Marked price of article = Rs.x

x × (100 - 12)% = 440

$x × 88/100$ = 440

$x ={440 × 100}/88$ = Rs.500

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

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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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