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Banking Quantitative Aptitude Sample Paper Quantitative Aptitude Sample Paper-1

  • question_answer
    A dealer marked the price of an item 40% above the cost price. Once he gave successive discounts of 20% and 25% to a particular customer. As a result, he incurred a loss of Rs. 448. At what price did he sell the item to the mentioned customer?                                                                                                           [IBPS (SO) IT 2014:

    A)  Rs. 2416

    B)  Rs. 2352

    C)  Rs. 2268

    D)  Rs. 2152

    E)  Rs. 2578

    Correct Answer: B

    Solution :

    [b] Let the cost price of the item be 100. \[\begin{align}   & 100\xrightarrow{40%\,\,\uparrow }140\xrightarrow{20%\,\,\,\downarrow }112\xrightarrow{25%\,\,\downarrow }84 \\  & \begin{matrix}    CP & \,\,\,\,\,\,\,\,\,\,\,\,MP & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,SP  \\ \end{matrix} \\ \end{align}\] \[\therefore \]      Loss = 16% and Loss = Rs. 448 \[\therefore \]      \[CP=\frac{448\times 100}{16}=Rs.\,\,2800\] \[\therefore \]      \[SP=\frac{2800\times 84}{100}=Rs.\,\,2352\]


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