Profit and loss

Quantitative Aptitude (CGL)

Title

45:30

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Indian Economy - Understanding the basics of Indian economic system

The selling price of an article marked for Rs10000 after giving three discounts, 20%, 10% and k% is Rs6120. What will be selling

price (in Rs) of the samearticle if a single discountof (k + 20)% is allowed?

This questions was previously asked in

SSC CGL 16th August 2021 Shift-1

8500

6800

6500

8000

- The marked price of the article is Rs 10,000.

- Three discounts are applied: 20%, 10%, and k%.

- The final selling price after these discounts is Rs 6,120.

- First discount: 10,000 - (20% of 10,000) = 8,000.

- Second discount: 8,000 - (10% of 8,000) = 7,200.

- Third discount: 7,200 - (k% of 7,200) = 6,120.

- Calculating k: 7,200 * (1 - k/100) = 6,120 ? 1 - k/100 = 0.85 ? k = 15%.

- Total of single discount is (k + 20)% = 35%.

- New selling price with 35% discount: 10,000 - (35% of 10,000) = 6,500.

- The correct answer is:

Option 3: 6,500