Attempt this Profit and Loss Question

Question of The Day31-05-2021

By selling an article for ₹2520 a man allows the successive discount of 20% and 25% and earns a profit of 10%. If the article is sold at 0% discount, what would be the profit?

Answer

Correct Answer : c ) 83.33%

Explanation :

According to the question

Profit percentage = 10%

The man allows the discount of 20% and 25%

Single equivalent discount of 20% and 25%

We know that

⇒\(x+y- {{x*y} \over 100}\)

Where x and y are the discount

⇒\(20+25-{{20*25} \over 100}\)

⇒ 40%

We know that

\({MP \over CP}={{100+Profit} \over {100-Discount}}\)

\({MP \over CP}={{100+10} \over {100-40}}\)

⇒\({MP \over CP}={{110} \over {60}}={{11} \over {6}}\)

If the discount is not given, then the article is sold at the marked price

MP = SP

\(Profit \ Percentage={5 \over 6}*100\)

⇒ 83.33%

Hence, (c) is the correct answer.

Such type of question is asked in various government exams like SSC CGL, SSC MTS, SSC CPO, SSC CHSL, RRB JE, RRB NTPC, RRB GROUP D, RRB OFFICER SCALE-I, IBPS PO, IBPS SO, RRB Office Assistant, IBPS Clerk, RBI Assistant, IBPS RRB OFFICER SCALE 2&3, UPSC CDS, UPSC NDA etc.

Read Daily Current Affairs, Banking Awareness, Hindi Current Affairs, Word of the Day, and attempt free mock tests at PendulumEdu and boost your preparation for the actual exam.

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Jun 02

Word Of The Day

Shell

Noun: A hard rigid usually large covering of an animal.; The outside part of a fruit or seed.; Something like an external structure that resembles a shell.; A casing without substance.; The hard exterior of an egg.; A hard enclosing cover.