model 5 marked price Practice Questions Answers Test with Solutions & More Shortcuts

Question : 21 [SSC CGL Tier-II 2013]

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 : 22 [SSC MTS 2013]

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 : 23 [SSC CHSL 2013]

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 : 24 [SSC CHSL 2014]

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 : 25 [SSC CHSL 2015]

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%

IMPORTANT quantitative aptitude EXERCISES

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