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Quantitative Aptitude(Banking)

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Direction: This following table is related to profit and loss and some values are missing. All the discounts are on the M.P. and the Profits are on C.P. Read the Questions carefully and answer the question:

Article	Cost Price (RS)	Profit (%)	Marked Price (Rs)	Discount (%)	Selling Price (Rs)
M	2160	-	2560	-	-
N	-	20%	-	-	-
O	-	-	2875	20%	-
P	1800	-	-	-	1980
Q	-	25%	4000	-	-

If the M.P. of Article M is Rs. 130 more than the C.P. of Article N and the difference between .P. and S.P. of Article N is Rs. 684. Find the discount % of Article N.

18%

25%

30%

20%

None of these.

Explanation:

M.P. of Article M = 2560 Rs.
C.P. of Article N = 2560-130 = 2430 Rs.
S.P. of Article N = 2430×120/100
= 2916 Rs.
M.P. of Article N = 2916+684 = 3600 Rs.
Discount % = (3600-2916)×100/3600
Discount % = 684×100/3600
Discount % = 19%

By: Amit Kumar

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