New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    "When a Seller purchased an item for Rs. 1200. He marked it above the cost price and sold it with two successive discounts of 25% and 20%. By what percentage did he mark the item above its cost price if he incurred a loss of Rs. 84 in this transaction?"

    A 50% Correct Answer Incorrect Answer
    B 55% Correct Answer Incorrect Answer
    C 25% Correct Answer Incorrect Answer
    D 35% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let, the seller marked the items d% above the cost price. Marked price of the item = 1200 × {(100 + d)/100} = Rs. ‘1200 + 12d’ Selling price of the item = (1200 + 12d) × 0.75 × 0.80 = 1200 – 84 720 + 7.2d = 1116 7.2d = 396, d = 55 So, the seller marked the item at 55% above the cost price

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