A shopkeeper wants to make a profit of 8 after giving a discount of 14 At what approximate percentag...........

Quantitative Aptitude (MTS) Profit and loss

A shopkeeper wants to make a profit of 8% after giving a discount of 14%. At what approximate percentage above the cost

price should he mark his goods?

This questions was previously asked in

SSC MTS 20th July 2022 Shift-1

22%

32.4%

25.6%

29%

- The shopkeeper wants an 8% profit on the cost price after applying a 14% discount on the marked price.

- Let's assume the cost price is $100.

- To achieve an 8% profit, the selling price should be $108.

- After giving a 14% discount, let's assume the marked price is $M.

- The selling price is 86% of the marked price because of a 14% discount.

- So, 0.86M = 108.

- Solving for M gives M = 108 / 0.86 ˜ 125.6.

- This implies the marked price is 25.6% above the cost price of $100.

Given this calculation:

- Option 3: 25.6% is the correct choice.

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