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

The marked price of an item was Rs5,000. While selling the item, the seller offered successive discounts of 15% and 5%. What

was the final selling price of the item?

This questions was previously asked in

SSC MTS 12th July 2022 Shift-3

Rs4,730

Rs4,370.50

Rs4,250

Rs4,037.50

- The initial marked price of the item is Rs5,000.

- The seller offers a first discount of 15%. Calculate this as 15% of Rs5,000:

- 15% of 5000 = 0.15 × 5000 = Rs750

- New price after first discount = Rs5,000 - Rs750 = Rs4,250

- The seller then offers a second discount of 5% on the new price.

- 5% of 4250 = 0.05 × 4250 = Rs212.50

- Final selling price = Rs4,250 - Rs212.50 = Rs4,037.50

- Option 4: Rs4,037.50 is the correct answer.