Profit and loss

Quantitative Aptitude (CGL)

Title

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Indian Economy - Understanding the basics of Indian economic system

A dealer buys an article at a discount of 20% on its list price and marks it at 25% above the list price. If he allows a 20%

discount on the new list price, then his profit percent is:

This questions was previously asked in

SSC CGL 7 June 2019 Shift-1

- Let's assume the list price of the article is $100.

- The dealer buys at a 20% discount, so the cost price is $80.

- The dealer marks the price 25% above the list price, so the new marked price is $125.

- A 20% discount on the marked price ($125) means the selling price is $100.

- To find the profit: Selling price ($100) - Cost price ($80) = $20.

- The profit percent is (Profit/Cost Price) * 100 = ($20/$80) * 100 = 25%.

- Option 1: 25 is the correct answer.