The marked price of a table is 130 of its cost price A discount of 20 is given on the sale of the ta...........

Quantitative Aptitude (MTS) Profit and loss

The marked price of a table is 130% of its cost price. A discount of 20% is given on the sale of the table. What will be the profit

percentage?

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SSC MTS 6th July 2022 Shift-1

- The cost price (CP) of the table is assumed to be \( x \).

- The marked price (MP) is 130% of the cost price, i.e., \( 1.3x \).

- A discount of 20% is applied to the marked price.

- The selling price (SP) with the discount will be 80% of the marked price. So, \( \text{SP} = 0.8 \times 1.3x = 1.04x \).

- Profit percentage is calculated as: \(\frac{\text{SP} - \text{CP}}{\text{CP}} \times 100 = \frac{1.04x - x}{x} \times 100 = 4\%\).

Correct Answer: Option:4 — 4%

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