A trader marks his goods in such a way that after allowing 16 discount on the marked price he still ...........

Quantitative Aptitude (MTS) Profit and loss

A trader marks his goods in such a way that after allowing 16% discount on the marked price, he still gains 26%. If the cost

price of the goods is Rs318, then what is the marked price of the goods?

This questions was previously asked in

SSC MTS 6th October 2021 Shift-2

Rs477

Rs456

Rs450

Rs427

- Understanding the relationship: The trader gains 26% even after giving a 16% discount.

- Cost price (CP): Rs 318.

- Selling price (SP) with gain: SP = CP + 26% of CP = Rs 318 + 0.26 × 318 = Rs 400.68.

- Discount and marked price (MP): After a 16% discount on MP, SP is achieved.

- Calculate MP from SP:

- SP = MP - 16% of MP = 84% of MP.

- 0.84 × MP = Rs 400.68 and MP = Rs 400.68 / 0.84 = Rs 477.

- Option 1: Rs 477 is the correct marked price.

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