2. Sample Papers
  3. Banking

Banking Sample Paper IBPS PO (Main) Sample Test Paper-3

  • question_answer
    Direction: Study the table below and answer the following questions. There are five sellers P, Q, R, S and T. They are selling four different items. The discount (as percentage) is given on the marked price of these four items by different sellers.
    (Note: 1. Some values are missing. You have to calculate these values as per data given in the questions.)
    2. Marked price of a particular item is same for all of the sellers.
    The cost price of item III is Rs. 50 for all of the sellers and all of them mark the same item at 64% higher than the cost price, then to get a total profit of Rs. 70 by all of the five sellers after selling item III, what is the minimum discount that should be allowed by seller T on item III?

    A)  5.75%             

    B)  3%      

    C)    7%      

    D)    10.5%

    E)  4.75%

    Correct Answer: E

    Solution :

    Cost price = Rs. 50 Marked price =\[50\times \frac{64}{100}+50=Rs.\,82\] Total cost price \[=5\times 50=Rs.\,250\] Total selling price should be \[=Rs.\,(250+70)=Rs.\,320\] Selling price of item III by seller T \[=\left( 320-82\times \frac{66}{100}-82\times \frac{68}{100}-82\times \frac{86}{100}-82\times \frac{75}{100} \right)\] \[=(320-82\times 0.66-82\times 0.68-82\times 0.86-82\]\[\times 0.75)\]\[=320-82\times 2.95\] \[=320-241.9=Rs.\,78.1\] \[\therefore \] Minimum required discount \[=\frac{82-78.1}{82}\times 100=\frac{3.9}{82}\times 100=4.75%\]


You need to login to perform this action.
You will be redirected in 3 sec spinner