Profit and loss

Quantitative Aptitude (CGL)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

A person marked his goods at a price that would give him 40% profit but he declared a sale and allowed 20% discount on the

marked price. What is the profit percentage of the person in the whole transaction ?

This questions was previously asked in

SSC CGL 3rd March 2020 Shift-3

12%

32%

30%

20%

- Let's assume the cost price (CP) of the goods is $100.

- The marked price (MP) is set to gain 40% profit, hence MP = 140% of CP = $140.

- During the sale, a 20% discount is offered on the marked price.

- Discounted selling price (SP) = 80% of MP = 80% of $140 = $112.

- Profit = Selling Price - Cost Price = $112 - $100 = $12.

- Profit Percentage = (Profit / Cost Price) * 100 = ($12 / $100) * 100 = 12%.

?? Answer: Option 1 - 12%