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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.
    If the profit percentage of P after selling item II is m% and that of R for the same item is (2m - 5)% and the ratio of the cost price of item II of seller P to that of R is 14:17, then find the value of m.

    A)  2                    

    B)    3                    

    C)  7                    

    D)    5    

    E)  None of these

    Correct Answer: D

    Solution :

    Let the MP of item II of seller P be x and that of item II of seller R be x. Then, the cost price of item II of seller P \[=\left( \frac{100}{100+m} \right)\times \frac{70x}{100}\] Cost price of item II of seller R \[=\left( \frac{100}{100+2m-5} \right)\times \frac{85x}{100}\] According to the question. \[\frac{\left( \frac{100}{100+m} \right)\times \frac{70x}{100}}{\left( \frac{100}{100+2m-5} \right)\times \frac{85x}{100}}=\frac{14}{17}\] or, \[\frac{100+2m-5}{100+m}\times \frac{70}{85}=\frac{14}{17}\] or, \[100+2m-5=100+m\] \[\therefore \]\[m=5\]


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