A mobile is marked at a price 25 above its cost price At what discount percentage should it be sold ...........

Quantitative Aptitude (CHSL) Profit and loss

A mobile is marked at a price 25% above its cost price. At what discount percentage should it be sold to make a 10% profit?

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SSC CHSL 27th May 2022 Shift-1

10%

11%

12%

13%

- Let's say the cost price of the mobile is $100.

- It's marked at 25% above the cost price, so the marked price becomes $125.

- To find the selling price for a 10% profit, calculate 110% of the cost price: $100 x 1.10 = $110.

- The discount needed from the marked price is the difference between the marked price and the selling price.

- Discount = Marked Price - Selling Price = $125 - $110 = $15.

- The discount percentage is ($15 divided by $125) x 100 = 12%.

- Correct Answer: Option 3 - 12%

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