Profit and loss

Quantitative Aptitude (CHSL)

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The marked price of an article is ?600. After allowing a discount of 25% on the marked price, there was a loss of ?30. The loss percentage is:

6.25%

6.50%

7.25%

7.50%

Explanation:

The marked price of the article is rs 600.
Shopkeeper allow discount on 25% on the marked price.
That means customer needs to pay 75% of marked price.
75% of 600 = 75/100 x 600 =450
Therefore, the selling price of the article is Rs 450.
It is given that the loss is 30 rupees.
Loss = Cost price - Selling price
30 = Cost price - 450
Cost price = 480
The loss percentage is: 30/480 x 100 =6.25%

Hence the correct answer is option 1

By: Himani Bihagra

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