An article is sold at a discount of 12 5 and still there is a profit of 15 At what approximate perce...........

Quantitative Aptitude (MTS) Profit and loss

An article is sold at a discount of 12.5%, and still there is a profit of 15%. At what approximate percentage over and above its

cost price has the mark-up price of the article been fixed?

This questions was previously asked in

SSC MTS 6th July 2022 Shift-2

29.41%

30.08%

34.46%

31.43%

- Let the cost price (CP) of the article be 100 units.

- The selling price (SP) is 15% above CP: SP = 115.

- The discount given is 12.5%, meaning the selling price is 87.5% of the marked price (MP).

- Let MP be x. Therefore, 0.875x = 115.

- Solving for x gives x = 115 / 0.875 = 131.43.

- The mark-up over cost price is (131.43 - 100) = 31.43 units.

- Therefore, the percentage mark-up over cost price is (31.43 / 100) * 100 = 31.43%.

Option 4: 31.43%

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