Banking Quantitative Aptitude Sample Paper Quantitative Aptitude Sample Paper-6

A businessman allows a discount of 10% on the marked price. How much above the cost price must he mark his goods to make a profit of 17%?                                                                             [BSSC (CGL) 2015]

A) 30%

B) 20%

C) 27%

D) 18%

Correct Answer: A

Solution :

Let the cost price be Rs. 100.

Then, selling price \[=100\times \frac{(100+17)}{100}=Rs.\,117\]

Marked price \[\times \frac{90}{100}=117\]

\[\Rightarrow \] Marked price \[=\frac{117\times 100}{90}=Rs.\,130\]

Hence, he marks 30% above the cost price.