A shopkeeper marks an article at a price such that after giving a discount of x he gains 20 If the c...........

Quantitative Aptitude (CGL) Profit and loss

A shopkeeper marks an article at a price such that after giving a discount of x%, he gains 20%. If the cost price and the marked

price of the article are Rs920 and Rs1472 respectively, then what is the value of x?

This questions was previously asked in

SSC CGL 24th August 2021 Shift-3

To determine the correct discount percentage (x%), follow these steps:

- Calculate Selling Price (SP): Since the shopkeeper gains 20% on the cost price, calculate SP as:

SP = Cost Price + 20% of Cost Price = Rs920 + (20/100) * Rs920 = Rs1104.

- Calculate Discount Amount: The difference between the marked price and selling price is the discount:

Discount = Marked Price - Selling Price = Rs1472 - Rs1104 = Rs368.

- Find x% Discount on Marked Price:

x% of Rs1472 = Rs368.

Solve for x: (x/100) * 1472 = 368

x = (368 / 1472) * 100 = 25%.

- Checking Options:

- Option 1: 18%

- Option 2: 30%

- Option 3: 20%

- Option 4: 25%

Correct Answer: Option 4 - 25%

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