Multiple Choice Questions on A trader wants to increase his cost price in such a way that after giving 25 discount he earns 20 pr........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A trader wants to increase his cost price in such a way that after giving 25 discount he earns 20 pr...........

Quantitative Aptitude ( CCS) Profit and loss
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    A trader wants to increase his cost price in such a way that after giving 25% discount he earns 20%profit. Find how much percent he increases his Cost Price?

    60%

    Correct Answer

    45%

    Incorrect Answer

    50%

    Incorrect Answer

    40%

    Incorrect Answer
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    Explanation:

    discount=25% =1/4
    MP: SP=4:3
    Profit=20%=1/5
    CP:SP= 5:6
    make ratio equal
    MP:CP:SP=8:5:6
    =3/5*100=60%

    Hence, option 1 is the correct answer.

    By: Amit Kumar
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