If the marked price of a laptop is Rs 24 000 which is 20 more than the cost price The laptop is sold...........

Quantitative Aptitude(IBPS CL) Profit and loss

If the marked price of a laptop is Rs. 24,000 which is 20% more than the cost price. The laptop is sold at a profit of Rs. 1000. Find the discount%.

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IBPS Clerk (Prelims)

12.5%

21.5%

22.5%

25%

50%

- Start with the cost price of the laptop. Since the marked price is 20% more, calculate the cost price as Rs. 24,000 / 1.20 = Rs. 20,000.

- The laptop is sold at a profit of Rs. 1,000, so the selling price is cost price + profit = Rs. 20,000 + Rs. 1,000 = Rs. 21,000.

- The discount is the difference between the marked price and the selling price: Rs. 24,000 - Rs. 21,000 = Rs. 3,000.

- Calculate the discount percentage as (discount / marked price) * 100 = (3,000 / 24,000) * 100 = 12.5%.

- Therefore, the correct option is Option 1: 12.5%

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