Multiple Choice Questions on shopkeeper sets MRP of a product such that after giving 10 discount he earns 12 5 profit What will b........... for IBPS(Clerical) Exam Preparation

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Multiple Choice Questions

shopkeeper sets MRP of a product such that after giving 10 discount he earns 12 5 profit What will b...........

Quantitative Aptitude(IBPS CL) Profit and loss
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    shopkeeper sets MRP of a product such that after giving 10% discount, he earns 12.5% profit. What will be his profit/loss percent if he allows a discount of 25%?

    5%

    Incorrect Answer

    10.45% 

    Incorrect Answer

    8.33%

    Incorrect Answer

     6.25% 

    Correct Answer

    9.09%

    Incorrect Answer
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    Explanation:

    Let MP be Rs 100x
    SP = Rs 90x
    CP = 100/112.5×90x=Rs 80x
    New SP = Rs 75x
    Required loss % = 5x/80x × 100=6.25%

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