Profit and loss

Quantitative Aptitude (CGL)

Title

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Indian Economy - Understanding the basics of Indian economic system

The cost price of goods, for a shopkeeper, was X. He marked them at 15% above the cost price. Finally, he sold the goods at a

discount of 25%. What is his profit/loss percentage ?

This questions was previously asked in

SSC CGL 7th March 2020 Shift-1

13% Loss

12% Profit

13.5% Profit

13.75% Loss

- The cost price of the goods is X.

- The shopkeeper marks the goods at 15% above X.

- This makes the marked price 1.15X.

- He offers a discount of 25% on the marked price.

- The selling price becomes 75% of 1.15X, or 0.75 * 1.15X.

- This simplifies to 0.8625X.

- Calculate profit or loss:

- Selling at 0.8625X means selling below the cost price.

- This results in a loss: X - 0.8625X = 0.1375X.

- To find the loss percentage:

- (0.1375X / X) * 100% = 13.75% Loss.

Option 4: 13.75% Loss is correct.