Multiple Choice Questions on A vendor fixed Selling Price of a product at 40 above the cost price He sells half the stock at this........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A vendor fixed Selling Price of a product at 40 above the cost price He sells half the stock at this...........

Quant (SSC) Profit and loss
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    A vendor fixed Selling Price of a product at 40% above the cost price. He sells half the stock at this price, one-quarter of that stock at a discount of 25% on the original selling price and rest at a discount of 30% on the original selling price. Find the gain percentage all together?

    20.75%

    Correct Answer

    15.75%

    Incorrect Answer

    14.75%

    Incorrect Answer

    16.75%

    Incorrect Answer
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    Explanation:

    Let CP = 100;
    marked price=140;
    Revenue = [(1/2)*140 + (1/4)*0.75*140 + (1/4)*0.7*140]
    = 70 + 26.25 + 24.5 = 120.75;
    % profit = 20.75/100 = 20.75%

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