Multiple Choice Questions

If the discount on an item is increased by 2 then the profit on it gets decreased from 33 33 to 30 F...........

Quantitative Aptitude(IBPS RRB PO) Profit and loss

If the discount on an item is increased by 2%, then the profit on it gets decreased from

33.33% to 30%. Find the ratio of marked price and cost price for this item.

This questions was previously asked in

RRB PO Prelims (21 August 2022 Shift1)

4 : 3

5 : 3

7 : 4

7 : 5

6 : 5

- The original profit is 33.33%, which implies the cost price (CP) becomes 1.3333 times with the profit.

- The profit then drops to 30% with an additional 2% discount.

- This means the ratio of the marked price (MP) to the new sale price was reduced when the discount was increased.

- Both profits relate to the original cost price.

- We'll equate two equations for the profits: 1.3333 = MP * (1 - discount1) / CP and 1.3 = MP * (1 - discount2) / CP

- Solving these gives the correct ratio of MP to CP.

Correct Answer: Option 4: 7 : 5

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