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

If a chair is sold at a discount of 20%, then there is a profit of 20%. If the chair is sold at a discount of 30%, then what will be the

profit?

This questions was previously asked in

SSC MTS 7th July 2022 Shift-3

10%

7.5%

12.5%

- When a 20% discount still results in a 20% profit, the Selling Price is 120% of the Cost Price (CP) after being reduced by the discount.

- Let CP be 100. With a discount of 20%, the Selling Price (SP) becomes 80% of the Marked Price (MP), which is 120 (as it includes 20% profit).

- The Marked Price is thus 150 (since 120/80% = 150).

- A 30% discount makes SP 70% of MP (70% of 150).

- The SP becomes 105 (70% of 150).

- Profit = SP - CP = 105 - 100 = 5.

- Thus, the profit at a 30% discount is 5%.

Option 1: 5%