Profit and loss

Quantitative Aptitude (CHSL)

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

If a company gives a discount of 20% on the marked price of an article and gains 20% on that particular article, then at what

percentage above the cost price did the company mark its goods?

This questions was previously asked in

SSC CHSL 30th May 2022 Shift-2

50 %

20 %

40 %

25 %

- Let's assume the cost price of the article is $C$.

- The gain of 20% implies the selling price (SP) is 1.2 times the cost price: $ SP = 1.2C $.

- Given a 20% discount on the marked price (MP), the selling price equation becomes: $ 0.8 \times MP = 1.2C $.

- Solving for MP gives: $ MP = \frac{1.2C}{0.8} = 1.5C $.

- This indicates that the marked price is 50% above the cost price.

Correct option: 1. 50%