Profit and loss

Quantitative Aptitude (MTS)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

Venus marked an article at 60% above its cost price. She sold it at a profit of 20%. Find the discount percentage offered on the

article.

This questions was previously asked in

SSC MTS 14th July 2022 Shift-3

40%

15%

25%

75%

- Venus marked the article 60% above its cost price. This means if the cost price is `x`, the marked price becomes `1.6x`.

- She sold the item at a profit of 20%. Hence, the selling price is `1.2x`.

- To find the discount, calculate the difference between the marked price and the selling price.

- Discount = Marked Price - Selling Price = `1.6x - 1.2x = 0.4x`.

- The discount percentage is calculated as `(Discount/Marked Price) * 100`.

- Discount % = `(0.4x / 1.6x) * 100` = 25%.

- Correct Answer: Option 3 - 25%.