Multiple Choice Questions on A dealer marks his goods 20 above cost price He then allows some discount on it and makes a profit o........... for SSC CGL Exam Preparation

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Multiple Choice Questions

A dealer marks his goods 20 above cost price He then allows some discount on it and makes a profit o...........

Quantitative Aptitude (CGL) Profit and loss
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    A dealer marks his goods 20% above cost price. He then allows some discount on it and makes a profit of 8%. The rate of discount is

    4%

    Incorrect Answer

    6%

    Incorrect Answer

    10%

    Correct Answer

    12%

    Incorrect Answer
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    Explanation:

    Marked Price =1.2* Cost price;  ----- eq.(i.)
    Let the discount percentage = x%;
    (100 – x)% of Marked price = 1.08 * Cost price; -------eq.(ii.)
    Divide eq.(ii.) by eq.(i.)-
    (100-x)/100 = 1.08/1.2; => 100 –x = 0.9*100 => x= 10%.

    By: MIRZA SADDAM HUSSAIN
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