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Home Aptitude Profit and Loss See What Others Are Saying!
  • Question
  • The price of an article reduces to 576 after two successive discounts. The markup is 80% above the cost price of Rs. 500.What is the new profit percentage if instead of two successive discount the markup price was further increased successively two times by the same percentage?


  • Options
  • A. 259.2%
  • B. 59.2%
  • C. 159.2%
  • D. can't be determined

  • Correct Answer
  • 159.2% 

    Explanation

    Cost price (CP) = 500
    Selling Price (SP) = 576
    Markup price (MP) = 900

    Again SP = MP [( 1 - r/100)2] [r - rate of discount in %]

    ? 576 = 900 (1 - r/100)2
    ? 24/30 = (1 - r/100)
    ? r = 20%
    Again, new SP = MP (1 + r/100)2
    = 900 (1 + 20/100)2
    = 1296

    New, profit percentage = [(SP - CP)/CP] X 100
    = [( 1296 - 500 ) / 500 ] x 100 = 159.2%


  • More questions

    • 1. 
      Aarti can do a piece of work in 6 days. In how many days will she complete three time of work of same type?

    • Options
    • A. 18 days
    • B. 21 days
    • C. 3 days
    • D. 6 days
    • Discuss
    • 2. 
      750.0003 ÷ 19.999 =?

    • Options
    • A. 49
    • B. 18
    • C. 22
    • D. 38
    • Discuss
    • 3. 
      105, 85, 60, 30, 0, - 45, - 90?

    • Options
    • A. 0
    • B. 85
    • C. -45
    • D. 60
    • Discuss
    • 4. 
      Let A = {1, 2, {3, 4}, 5}. Which of the following statements is true?

    • Options
    • A. {3, 4} ? A
    • B. {3, 4} ? A
    • C. 1 ? A
    • D. {1, 2, 5} ? A
    • Discuss
    • 5. 
      Two vessels A and B contains milk and water mixed in the ratio 5 : 3 and 2 : 3. When these mixtures are mixed to form a new mixture containing half milk and half water, they must be taken in the ratio ?

    • Options
    • A. 2 : 5
    • B. 3 : 5
    • C. 4 : 5
    • D. 7 : 3
    • Discuss
    • 6. 
      1, 2, 4, 8, 16, 32, 64, (...), 256?

    • Options
    • A. 148
    • B. 128
    • C. 154
    • D. 164
    • Discuss
    • 7. 
      A tree is 12 m tall and casts an an 8 m long shadow. At the same time, a flag pole caste a 100 m long shadow. How long is the flag pole?

    • Options
    • A. 150 m
    • B. 200 m
    • C. 125 m
    • D. 115 m
    • Discuss
    • 8. 
      8% of 96 =? of 1/25

    • Options
    • A. 19.2
    • B. 7.68
    • C. 1.92
    • D. None of these
    • Discuss
    • 9. A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?

    • Options
    • A. Rs. 35
    • B. Rs. 245
    • C. Rs. 350
    • D. Cannot be determined
    • E. None of these
    • Discuss
    • 10. 
      If the hands of a clock coincide in every 65 minutes (true time), in 24 hours the clock will gain:

    • Options
    • A. 10 10 minutes. 143
    • B. 9 12 minutes. 143
    • C. 11 12 minutes. 143
    • D. 12 10 minutes. 143
    • Discuss


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