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

A dealer bought an anicle at 10% discount on its marked price and sold it at a price which is 20% above the marked price. The

gain percentage (correct to the nearest integer) is:

This questions was previously asked in

SSC MTS 7th October 2021 Shift-2

33%

35%

25%

28%

Let's break it down:

- Assume the marked price of the article is \( M \).

- The dealer bought the article at a 10% discount, which means the cost price for the dealer is \( 0.9M \).

- The dealer then sold it at a price 20% above the marked price. So, the selling price is \( 1.2M \).

- The gain made by the dealer is the difference between the selling price and the cost price, \( 1.2M - 0.9M = 0.3M \).

- To find the gain percentage, divide the gain by the cost price and multiply by 100, giving you:

\text{Gain Percentage} = \left(\frac{0.3M}{0.9M}\right) \times 100 \approx 33.33\%

- The correct answer is option:1 - 33%.