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SSC Quantitative Aptitude Profit and Loss Question Bank Profit Loss and Discount (II)

  • question_answer
    A cycle dealer offers a discount of 10% and still makes a profit of 26%. What does he pay for a cycle whose marked price is Rs. 840? [SSC CGL Tier II, 2014]

    A) Rs. 600

    B) Rs. 650

    C) Rs. 700

    D) Rs. 750

    Correct Answer: A

    Solution :

    [a] Discount per cent =10, Marked price = Rs. 840 \[\therefore \] Selling price \[\text{=}\frac{\text{(100}-\text{Discount percentage) }\!\!\times\!\!\text{ Marked price}}{\text{100}}\] \[=\frac{90\times 840}{100}=\text{Rs}\text{.}\,756\] Now, dealer still gains a profit of 26% \[\therefore \]      CP of cycle \[\text{=}\frac{\text{100 }\!\!\times\!\!\text{ SP}}{\text{100+Profit}}\text{=}\frac{\text{100 }\!\!\times\!\!\text{ 756}}{\text{(100+26)}}\]             \[\text{=}\frac{75600}{126}=\text{Rs}\text{.}\,\,600\]


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