Profit and loss

Quantitative Aptitude ( CCS)

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The ratio of cost price and marked price of an article is 2:3 and ratio of percentage profit and percentage discount is 3:2. What is the discount percentage ?

18.58%

20.25%

16.66%

22.13%

Explanation:

Solution:
CP : MP = 2x : 3x
=> profit = x
profit % : discount % = 3 : 2
Let CP = 200 , SP = 300
But (3x/100)*200 + (2x/100)*300 = 100
=> x = 8.33%
Discount 2x = 16.66%

By: Pranav Gupta

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