The selling price of an item is 20 less than its marked price The marked price of the item is 30 mor...........

Quantitative Aptitude (MTS) Profit and loss

The selling price of an item is 20% less than its marked price. The marked price of the item is 30% more than the cost price.

What is the profit percentage?

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SSC MTS 22nd July 2022 Shift-2

10%

- Let’s break it down:

- Marked Price (MP) is 30% more than Cost Price (CP):

- MP = CP + 30% of CP

- MP = 1.3 × CP

- Selling Price (SP) is 20% less than Marked Price:

- SP = MP - 20% of MP

- SP = 0.8 × MP

- Substitute MP in SP:

- SP = 0.8 × 1.3 × CP = 1.04 × CP

- Profit is calculated as (SP - CP):

- Profit = 1.04 × CP - CP = 0.04 × CP

- Profit Percentage:

- (Profit / CP) × 100% = (0.04 × CP / CP) × 100% = 4%

- ?? Correct Answer: Option 2, 4%

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