An article is marked 27 above its cost price If x discount is allowed on the marked price and still ...........

Quantitative Aptitude (CGL) Profit and loss

An article is marked 27% above its cost price. If x % discount is allowed on the marked price and still there is a profit of 6.68%,

then what is the value of x ?

This questions was previously asked in

SSC CGL 20th August 2021 Shift-1

12.5

- The article has a marked price that is 27% above the cost price.

- Let's denote cost price as C. Thus, the marked price is C + 27% of C.

- This implies the marked price is 1.27C.

- A discount of x% leads to a selling price that still earns a 6.68% profit.

- A 6.68% profit means the selling price should be 1.0668 times the cost price: 1.0668C.

- The equation is: 1.27C * (1 - x/100) = 1.0668C.

- Solving for x gives: (1 - x/100) = 1.0668/1.27.

- Solving further gives x = 16.

- Correct Answer: Option: 3 - 16

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