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Banking Sample Paper SBI Junior Associates (Main) Sample Paper Test-3

  • question_answer
    A shopkeeper purchases an artefact and marks its price up by 30%. He sells the artefact to a customer at a certain discount, thereby making a profit of 10% on the whole transaction. What is the discount percentage given by the shopkeeper?

    A)  \[15\frac{2}{11}%\]             

    B)  \[15\frac{5}{13}%\] 

    C)  \[13\frac{2}{13}%\] 

    D)       \[12\frac{5}{13}%\] 

    E)  None of these

    Correct Answer: D

    Solution :

    Let the cost price be \[Rs.100\] \[\therefore MP=Rs.130\] And selling price at 10% profit = Rs.110 \[\Rightarrow \]Discount =130-110=20 Reqd% discount\[=\frac{20}{130}\times 100\] \[=\frac{200}{13}=15\frac{5}{13}%\]


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