Multiple Choice Questions

A dealer bought an anicle at 10 discount on its marked price and sold it at a price which is 20 abov...........

Quantitative Aptitude (MTS) Profit and loss

A dealer bought an anicle at 10% discount on its marked price and sold it at a price which is 20% above the marked price. The

gain percentage (correct to the nearest integer) is:

This questions was previously asked in

SSC MTS 7th October 2021 Shift-2

33%

35%

25%

28%

Let's break it down:

- Assume the marked price of the article is $M$ .

- The dealer bought the article at a 10% discount, which means the cost price for the dealer is $0.9 M$ .

- The dealer then sold it at a price 20% above the marked price. So, the selling price is $1.2 M$ .

- The gain made by the dealer is the difference between the selling price and the cost price, $1.2 M - 0.9 M = 0.3 M$ .

- To find the gain percentage, divide the gain by the cost price and multiply by 100, giving you:

\text{Gain Percentage} = \left(\frac{0.3M}{0.9M}\right) \times 100 \approx 33.33\%

- The correct answer is option:1 - 33%.

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