difference between marked price and cost price is 50 percent of the selling price if the discount percentage is 20 percent then find ratio between marked price and cost price
Answers
Answer:
Start Learning
Quantitative Aptitude ≫ Profit and Loss ≫ Discount and MP
PYP Banner
Question:
The marked price and the cost price of an article are in ratio 5 : 4. If the profit earned by selling the article is 12.5%, then what is the discount percentage?
Free Practice With Testbook Mock Tests
Current Affairs for SSC/Railways 2021 Mock Test
Current Affairs for SSC/Railways 2021 Mock Test
97 Total Tests | 5 Free Tests
Options:
12.5
15
8
10
Correct Answer: Option 4 (Solution Below)
Solution:
Download Question With Solution PDF ››
12.5% = 1/8
Ratio of MP and CP of the article = 5 : 4 or 500 : 400
Let MP = Rs. 500 and CP = Rs. 400
SP of the article = 400 × (9/8) = 450
Discount = MP – SP
Discount = 450 – 400 = 50
Discount percentage = 50/500 × 100 = 10%
Step-by-step explanation: