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

  • question_answer
    While selling, a businessman allows 40% discount on the marked price and there is a loss of 30%. If it is sold at the marked price, profit per cent will be

    A) \[10%\]

    B) \[20%\]

    C) \[16\frac{2}{3}%\]

    D) \[16\frac{1}{3}%\]

    Correct Answer: C

    Solution :

    [c] Let CP = Rs. x Then, SP = 70% of x = 0.7x \[\Rightarrow \]   60% of MP = 0.7x \[\Rightarrow \]   \[\text{MP}=\frac{0.7x}{60}\times 100=\frac{7}{6}x\] If article is sold at the marked price, then SP\[=\frac{7}{6}x\] \[\therefore \]      Required profit per cent \[=\frac{\frac{7}{6}x-x}{x}\times 100%=\frac{100}{6}%=16\frac{2}{3}%\]


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