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

A shopkeeper marks his articles at 30% above the cost price and allows the purchaser a discount of 20% for cash buying. What

profit per cent does he make?

This questions was previously asked in

SSC CHSL 9th June 2022 Shift-1

- Cost Price (CP): The original price of the article.

- Marked Price: This is set at 30% above the cost price. So, if CP is \(100\), Marked Price is \(130\).

- Discount: A 20% discount is given on the Marked Price. So, selling price is calculated as \(130 - (20\% \text{ of } 130) = 130 - 26 = 104\).

- Selling Price (SP): After discount, selling price is \(104\).

- Profit: The difference between the Selling Price and Cost Price. \(104 - 100 = 4\).

- Profit Percentage: Calculated as \(\frac{4}{100} \times 100\% = 4\%\).

- Option 1: 4% - This is the correct answer as calculated above.

- Option 2: 9% - Is incorrect as it overestimates the profit.

- Option 3: 6% - Is incorrect as well.

- Option 4: 5% - This represents an overestimation of profit.

Based on the explanation: