Price-tag versus transaction rates: the CP:MP ratio is 2:3. The ratio of profit percentage to discount percentage is 3:2. Assuming the same selling price links both expressions, find the discount percentage.
Aptitude
Profit and Loss
Difficulty: Medium
Choose an option
-
A16.66 %
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B20 %
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C25 %
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D33.33 %
Answer
Correct Answer: 16.66 %
Explanation
Introduction:Here, the selling price (SP) simultaneously equals CP increased by profit% and MP reduced by discount%. Equating these two expressions and using the given ratios yields the required discount%.
Given Data / Assumptions:
- CP:MP = 2:3 ⇒ CP = 2k, MP = 3k.
- Profit% : Discount% = 3:2 ⇒ let profit% = 3t, discount% = 2t.
Concept / Approach:SP = CP * (1 + profit%) = MP * (1 − discount%). Solve for t and compute discount% = 2t.
Step-by-Step Solution:2k * (1 + 3t/100) = 3k * (1 − 2t/100)2 + 0.06t = 3 − 0.06t0.12t = 1 ⇒ t = 8.333... ⇒ discount% = 2t = 16.666...%
Verification / Alternative check:Plugging back gives identical SP from both sides, confirming consistency.
Why Other Options Are Wrong:
- 20% / 25% / 33.33%: stem from algebra slips or swapping bases.
Common Pitfalls:
- Applying the 3:2 ratio to rupee profits/discounts instead of percentages.
Final Answer:16.66 %