New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    The cost price of two mobiles 'M' and 'N' is Rs. 22,000 and Rs. 28,000 respectively. The shopkeeper marked up the prices of mobile 'M' and 'N' by 45% and 55% respectively. Mobile 'M' is sold after allowing a discount of 30% while mobile 'N' is sold at a profit of 18%.

    Which of the following statement(s) is/are false according to the given data?

    (I) Selling price of mobile 'M' is Rs. 23,100.

    (II) Discount offered on buying mobile 'N' is 12%.

    (III) Profit earned on selling mobile 'N' is less than that on selling mobile 'M'.

    A Both I and III Correct Answer Incorrect Answer
    B Only I Correct Answer Incorrect Answer
    C Only III Correct Answer Incorrect Answer
    D Both I and II Correct Answer Incorrect Answer
    E All of I, II and III Correct Answer Incorrect Answer

    Solution

    ATQ, Marked price of mobile 'M' = 145% of 22,000 = (1.45) x 22,000 = Rs. 31,900 Selling price of mobile 'M' = 70% of 31,900 = (0.7) x 31,900 = Rs. 22,330 Profit earned on mobile 'M' = Rs. 22,330 - Rs. 22,000 = Rs. 330 Marked price of mobile 'N' = 155% of 28,000 = (1.55) x 28,000 = Rs. 43,400 Selling price of mobile 'N' = 118% of 28,000 = (1.18) x 28,000 = Rs. 33,040 Discount offered on mobile 'N' = (10,360/43,400) x 100 = 23.87% Statement (I) is false (the selling price of mobile 'M' is Rs. 22,330, not Rs. 23,100). Statement (II) is false (the discount on mobile 'N' is 23.87%, not 12%). Statement (III) is true (Rs. 5,040 profit on mobile 'N' is more than Rs. 330 on mobile 'M').

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