model 1 profit x after discount y Practice Questions Answers Test with Solutions & More Shortcuts
discount PRACTICE TEST [4 - EXERCISES]
model 1 profit x after discount y
model 2 hiking & discounting
model 3 successive discount
model 4 mixed discount problems of marked price
Question : 21 [SSC Constable 2013]
A grinder was marked at Rs.3,600. After given a discount of 10% the dealer made a profit of 8%. Calculate the cost price.
a) Rs.2,960
b) Rs.3,240
c) Rs.3,000
d) Rs.3,312
Answer »Answer: (c)
If the C.P. of grinder be x, then
${x × 108}/100 = {3600 × 90}/100$ = 3240
$x = {3240 × 100}/108$ = Rs.3000
Using Rule 6,
M.P. = Rs.3600, D = 10%,
r = 8%, C.P. = ?
$\text"MP"/\text"CP" = {100 + r}/{100 - D}$
$3600/\text"CP" = {100 + 8}/{100 - 10}$
C.P. = ${3600 × 90}/108$
= ${3600 × 10}/12$ = Rs.3000
Question : 22
A dealer offers a discount of 10% on the marked price of an article and still makes a profit of 20%. If its marked price is Rs.800, then the cost price of the article is :
a) Rs.600
b) Rs.700
c) Rs.900
d) Rs.800
Answer »Answer: (a)
S.P. of that article
= 800 × $90/100$ = Rs.720
He still makes 20% profit
C.P. of the article
= 720 $×100/120$ = Rs.600
Using Rule 6,If r% of profit or loss occur after giving D% discount on marked price, then$\text"MP"/\text"CP" = {100 ± r}/{100 - D}$(positive sign for profit and negative for loss)
Here, r = 20%, D = 10%, M.P. = Rs.800, C.P. = ?
$\text"MP"/\text"CP" = {100 + r}/{100 - D}$
$800/\text"CP" = {100 + 20}/{100 - 10}$
C.P. = ${800 × 90}/120$
C.P. = Rs.600
Question : 23 [SSC CGL Tier-II 2012]
A trader allows a trade discount of 20% and a cash discount of 6$1/4$% on the marked price of the goods and gets a net gain of 20% of the cost. By how much above the cost should the goods be marked for the sale ?
a) 70%
b) 60%
c) 40%
d) 50%
Answer »Answer: (b)
Let C.P. of article = Rs.100
Marked price = x
Single equivalent discount
= $(20 + {25/4} - {20 × 25}/400)$% = 25%
$x × 75/100$ = 120
$x = {120 × 100}/75$ = Rs.160
160 - 100 = 60%
Question : 24 [SSC CGL Tier-1 2011]
Marked price of an article is Rs.275. Shopkeeper allows a discount of 5% and he gets a profit of 4.5%. The actual cost of the article is
a) Rs.210
b) Rs.215
c) Rs.250
d) Rs.225
Answer »Answer: (c)
Let C.P. of article be x
${x × 104.5}/100 = {275 × 95}/100$
x × 104.5 = 275 × 95
$x = {275 × 95}/{104.5}$ = Rs.250
Using Rule 6,
M.P. = Rs.275, D = 5%,
r = 4.5%, C.P. = ?
$\text"MP"/\text"CP" = {100 + r}/{100 - D}$
$275/\text"C.P." = {100 + 4.5}/{100 - 5}$
C.P. = ${275 × 95}/{104.5}$
C.P. = Rs.250
Question : 25 [SSC CPO 2011]
After allowing a discount of 16%, there was still a gain of 5%. Then the percentage of marked price over the cost price is
a) 25%
b) 21%
c) 15%
d) 18%
Answer »Answer: (a)
Let the C.P. of article be Rs.100 and its marked price be x.
$x × 84/100 = 105$
$x = {105 × 100}/84 = 125$
Required percentage = 25%
Using Rule 6,
Here, r = 5% D = 16%
$\text"MP"/\text"CP" = {100 + r}/{100 - D}$
= ${100 + 5}/{100 - 16} = 105/84$
Required Percentage
= ${105 - 84}/84 × 100$ = 25%
IMPORTANT quantitative aptitude EXERCISES
model 1 profit x after discount y Shortcuts »
Click to Read...model 1 profit x after discount y Online Quiz
Click to Start..discount Shortcuts and Techniques with Examples
quantitative aptitude CATEGORIES
RECENT BLOGS
Recently Added Subject & Categories For All Competitive Exams
New 100+ Compound Interest MCQ with Answers PDF for IBPS
Compound Interest verbal ability questions and answers solutions with PDF for IBPS RRB PO. Aptitude Objective MCQ Practice Exercises all competitive exams
Continue Reading »
100+ Mixture and Alligation MCQ Questions PDF for IBPS
Most importantly Mixture and Alligation multiple choice questions and answers with PDF for IBPS RRB PO. Aptitude MCQ Practice Exercises all Bank Exams
Continue Reading »
IBPS Profit and Loss Questions Solved Problems with PDF
Most important Profit and Loss multiple choice questions and answers with PDF for IBPS RRB PO. 100+ Aptitude MCQ Practice Exercises all competitive exams
Continue Reading »
100+ Average Aptitude Questions Answers solutions MCQ PDF
New Average multiple choice questions and answers with PDF for IBPS RRB PO. 100+ Quantitative Aptitude MCQ Practice Exercises all competitive exams
Continue Reading »