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Home Aptitude Profit and Loss See What Others Are Saying!
  • Question
  • A salesman calculated his profit on the marked price and finds it to be 30%. He forgets the fact that he gave a discount of 20%. What is his actual profit percentage?


  • Options
  • A. 260/11%
  • B. 18.4%
  • C. 22.5%
  • D. 100/7%

  • Correct Answer
  • 100/7% 

    Explanation

    When profit is calculated on Marked Price (M.P) then,

        • C.P = M.P - P%

    Let M.P = 100

     => C.P = 100 - 30 = 70

     But S.P = Rs. 80 as he gave 20% discount,

     Now, Actual Profit = 80 - 70 70 x 100

      = 100/7 %

  • Tags: GATE, CAT, Bank Exams, AIEEE, Bank PO, Bank Clerk, Analyst

    More questions

    • 1. 
      Find the sum 3/10 + 5/100 + 8/1000 in decimal form?

    • Options
    • A. 0.853
    • B. 0.358
    • C. 3.58
    • D. 8.35
    • Discuss
    • 2. 
      The auto-rickshaw fare consists of a fixed charge together with the charge for the distance covered. For a journey of 10 km, the charge paid is ?85 and for a journey of 15 km, the charge paid is ?120. The fare for a journey of 25 km will be

    • Options
    • A. ?175
    • B. ?190
    • C. ?180
    • D. ?225
    • Discuss
    • 3. A and B started a business in partnership investing Rs. 20,000 and Rs. 15,000 respectively. After six months, C joined them with Rs. 20,000. What will be B's share in total profit of Rs. 25,000 earned at the end of 2 years from the starting of the business?

    • Options
    • A. Rs. 7500
    • B. Rs. 9000
    • C. Rs. 9500
    • D. Rs. 10,000
    • Discuss
    • 4. 
      Two-fifths of one -fourth of three -seventh of a number is 15. What is half of that number?

    • Options
    • A. 96
    • B. 196
    • C. 94
    • D. None of these
    • Discuss
    • 5. 
      Which of the following is a leap year?

    • Options
    • A. 1146
    • B. 1254
    • C. 2100
    • D. 1128
    • Discuss
    • 6. A number consists of two digits. If the digits interchange places and the new number is added to the original number, then the resulting number will be divisible by:

    • Options
    • A. 3
    • B. 5
    • C. 9
    • D. 11
    • Discuss
    • 7. 
      At what time between 4 : 30 and 5 will the hands of a clock be in a straight line?

    • Options
    • A. 50 minutes past 4
    • B. 42 minutes past 4
    • C. 54 6 minutes past 4 11
    • D. 46 minutes past 4
    • Discuss
    • 8. 
      How many 3-digits numbers are completely divisible by 6?

    • Options
    • A. 149
    • B. 150
    • C. 151
    • D. 166
    • Discuss
    • 9. 
      In a camp, there is a meal for 120 men or 200 children. If 150 children have taken the meal, how many men will be catered to with remaining meal?

    • Options
    • A. 56
    • B. 45
    • C. 30
    • D. 27
    • Discuss
    • 10. 
      Cost of 1 chair is Rs. 214 and cost of one table is Rs. 937, then what is the approximate cost of 6 dozen chairs and 4 dozen tables?

    • Options
    • A. Rs. 60000
    • B. Rs. 58000
    • C. Rs. 55000
    • D. Rs. 62000
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