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 shopkeeper offers the following discount schemes for buyers on an article:

i. Two successive discount of 15% each.

ii. A discount of 25% followed by a discount of 5%.

iii. Two successive discounts of 20% and 10%.

iv. A discount of 30%

Under which scheme will the selling price be maximum?

This questions was previously asked in

ssc cgl 2023 pre

Scheme iv

Scheme iii

Scheme ii

Scheme i

Correct option:4

Solution:

M.P - face value S.P - Selling Price

Scheme I :Effective discount =15 + 15 - (15²/100) = > 30 - 2.25 = 27.75%
M.P : S.P = 100 : 72.25

Scheme II: Effective discount = 25 + 5 - (25 x 5)/100 = > 30 - 1.25 = 28.75%
M.P:S.P= 100 : 71.25

Scheme III: Effective discount = 20 + 10 - (20 x 10)/100 = > 30 - 2 = 28%
M.P:S.P= 100 : 72

Scheme IV: discount 30%
M.P:S.P= 100 : 70

According to all option, the selling price is maximum in 15% two successive discount .