The marked price of an article is 30% more than the cost price. A discount of 15% is offered on the marked price. By what
percentage is the final price more than the cost price?
This questions was previously asked in
SSC CHSL 7th June 2022 Shift-1
Explanation:
- The marked price of the article is set at 30% more than the cost price. This means if the cost price is \( C \), then the marked price is \( 1.3C \).
- A discount of 15% is offered on the marked price, so the selling price becomes \( 0.85 \times 1.3C = 1.105C \).
- The final selling price is therefore 10.5% more than the cost price.
- Option 1: 10.5%
- This option is correct because \( 1.105C \) is 10.5% more than \( C \).
- Correct Answer
- Option 2: 15.5%
- This option is incorrect because a 15.5% increase on the cost price is more than the calculated 10.5%.
- Option 3: 19.5%
- This is incorrect as it overestimates the percentage increase on cost price.
- Option 4: 8.5%
- This underestimates the actual percentage increase from the cost price.
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By: santosh