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Banking Sample Paper SBI Junior Associates (PT) Sample Test Paper-2

  • question_answer
    An article was purchased for Rs. 50000. Its price was marked-up by 25%. It was sold at a discount of 15% on the marked-up price. What is the profit percentage on the cost price?

    A)  8.05%             

    B)  7.25% 

    C)         6.25% 

    D)         11.20%

    E)         12.25%

    Correct Answer: C

    Solution :

    Cost price \[=Rs.50000\] Marked price\[=Rs.\,\,50000\times \frac{125}{100}=Rs.\,\,62500\] \[\therefore \]Selling price\[=Rs.\,\,62500\times \frac{85}{100}=Rs.\,\,53125\] \[\therefore \]Profit\[=Rs.\,\,(53125-50000)=Rs.\,\,3125\] \[\therefore \]Required % profit\[\text{=}\frac{\text{Profit}}{\text{CP}}\text{ }\!\!\times\!\!\text{ 100}\] \[=\frac{3125}{50000}\times 100=6.25%\]             Quicker Method (Direct formula) % profit\[=+25-15+\frac{(25)(-15)}{100}\] \[=10-3.75=6.25%\]


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