Multiple Choice Questions on If the discount on an item is increased by 2 then the profit on it gets decreased from 33 33 to 30 F........... for IBPS RRB - Officers Exam Preparation

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Multiple Choice Questions

If the discount on an item is increased by 2 then the profit on it gets decreased from 33 33 to 30 F...........

Quantitative Aptitude(IBPS RRB PO) Profit and loss
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    If the discount on an item is increased by 2%, then the profit on it gets decreased from 33.33% to 30%. Find the ratio of marked price and cost price for this item. 

    This questions was previously asked in
    RRB PO Prelims (21 August 2022 Shift1)
    View All RRBA Previous Year Papers

    4 : 3 

    Incorrect Answer

    5 : 3 

    Correct Answer

    7 : 4 

    Incorrect Answer

    7 : 5 

    Incorrect Answer

    6 : 5 

    Incorrect Answer
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    Explanation:

    Correct option:2

    Solution:

    Let us assume the CP be Rs.30

    So, when the profit is 33.33%,

    SP = (4/3) x 30 = Rs.40

    So, when the profit is 30%,

    SP = (130/100) x 30 = Rs.39

    So, 2% of MP is the same as Rs.1

    Hence, 100% of MP means Rs.50

    Hence, the ratio of MP:CP = 50:30 = 5:3 

    By: Parvesh Mehta
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