A trader wants to earn 16 2 3 after allowing a discount of 25 Find by how much he has to increase hi...........

Quantitative Aptitude ( CCS) Profit and loss

A trader wants to earn 16(2/3)% after allowing a discount of 25%. Find by how much % he has to increase his cost price to make M.P?

50%

55.55%

40%

55%

profit % = 16(2/3)% = 1/6.

So CP = 6, and SP = 6+1 = 7
Discount = 25% = 1/4

So MP = 4, SP = 4-1 = 3
Make S.P Same in both cases
C.P…. S.P…….. M.P
18……. 21……… 28
Difference between CP and MP is 10
So 10/18*100 = 55.55%

Hence, option 2 is the correct answer.

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