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DIRECTIONS for the question: Solve the following question and mark the best possible option.
What is the percentage profit on the sale of a tablet at Rs.11000, after discount?
(i) The margin percentage on sales price is 10%.
(ii) A discount of 20% was offered on the market price.
(iii) Mark-up percentage was 50% over the cost price.
(ii) A discount of 20% was offered on the market price.
(iii) Mark-up percentage was 50% over the cost price.
Question can be answered by
- a)Statement (i) only
- b)Combining statements (ii) and (iii)
- c)Statement (ii) only
- d)Statement (i) or by combining statements (ii) and (iii)
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
DIRECTIONS for the question:Solve the following question and mark the ...
► Statement (i):
Since we can find the cost price as 9900 or [11000-(11000x10/100)]
Percentage profit= 1100/9900 x 100 = 11.11 %
So, Statement (i) alone is sufficient.
Since we can find the cost price as 9900 or [11000-(11000x10/100)]
Percentage profit= 1100/9900 x 100 = 11.11 %
So, Statement (i) alone is sufficient.
► Statement (ii):
Since we cannot find the cost price, so statement (ii) alone is not sufficient.
But from this we can find MP = 11000/0.8 = 13750
Since we cannot find the cost price, so statement (ii) alone is not sufficient.
But from this we can find MP = 11000/0.8 = 13750
► Statement (iii):
Since we can not find the cost price, so statement (iii) alone is not sufficient.
But if we combine it with statement (ii), we get CP = 13750/1.5 = Rs. 9166.67
So Profit percentage = (11000 – 9166.67)/9166.67 × 100 = 20%
Since we can not find the cost price, so statement (iii) alone is not sufficient.
But if we combine it with statement (ii), we get CP = 13750/1.5 = Rs. 9166.67
So Profit percentage = (11000 – 9166.67)/9166.67 × 100 = 20%
Most Upvoted Answer
DIRECTIONS for the question:Solve the following question and mark the ...
Given information:
- Selling price of the tablet = Rs. 11000
- Margin percentage on sales price = 10%
- Discount offered on the market price = 20%
- Markup percentage over the cost price = 50%
Approach:
To find the percentage profit on the sale of the tablet, we need to first calculate the cost price of the tablet. Once we have the cost price, we can calculate the profit percentage using the formula:
Profit Percentage = (Profit / Cost Price) * 100
We can find the cost price of the tablet using the given information.
Solution:
Step 1: Calculate the market price:
Given that a discount of 20% was offered on the market price, we can calculate the market price using the formula:
Market Price = (Selling Price / (100 - Discount %)) * 100
Substituting the given values, we get:
Market Price = (11000 / (100 - 20)) * 100
= (11000 / 80) * 100
= 13750
Step 2: Calculate the cost price:
Given that the margin percentage on sales price is 10%, we can calculate the cost price using the formula:
Cost Price = (Market Price / (100 + Margin %)) * 100
Substituting the given values, we get:
Cost Price = (13750 / (100 + 10)) * 100
= (13750 / 110) * 100
= 12500
Step 3: Calculate the profit percentage:
Given that the markup percentage over the cost price is 50%, we can calculate the profit using the formula:
Profit = (Markup % / 100) * Cost Price
Substituting the given values, we get:
Profit = (50 / 100) * 12500
= 6250
Now, we can calculate the profit percentage using the formula mentioned earlier:
Profit Percentage = (Profit / Cost Price) * 100
= (6250 / 12500) * 100
= 50%
Conclusion:
Therefore, the percentage profit on the sale of the tablet is 50%. Hence, the correct answer is option 'D'.
- Selling price of the tablet = Rs. 11000
- Margin percentage on sales price = 10%
- Discount offered on the market price = 20%
- Markup percentage over the cost price = 50%
Approach:
To find the percentage profit on the sale of the tablet, we need to first calculate the cost price of the tablet. Once we have the cost price, we can calculate the profit percentage using the formula:
Profit Percentage = (Profit / Cost Price) * 100
We can find the cost price of the tablet using the given information.
Solution:
Step 1: Calculate the market price:
Given that a discount of 20% was offered on the market price, we can calculate the market price using the formula:
Market Price = (Selling Price / (100 - Discount %)) * 100
Substituting the given values, we get:
Market Price = (11000 / (100 - 20)) * 100
= (11000 / 80) * 100
= 13750
Step 2: Calculate the cost price:
Given that the margin percentage on sales price is 10%, we can calculate the cost price using the formula:
Cost Price = (Market Price / (100 + Margin %)) * 100
Substituting the given values, we get:
Cost Price = (13750 / (100 + 10)) * 100
= (13750 / 110) * 100
= 12500
Step 3: Calculate the profit percentage:
Given that the markup percentage over the cost price is 50%, we can calculate the profit using the formula:
Profit = (Markup % / 100) * Cost Price
Substituting the given values, we get:
Profit = (50 / 100) * 12500
= 6250
Now, we can calculate the profit percentage using the formula mentioned earlier:
Profit Percentage = (Profit / Cost Price) * 100
= (6250 / 12500) * 100
= 50%
Conclusion:
Therefore, the percentage profit on the sale of the tablet is 50%. Hence, the correct answer is option 'D'.
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DIRECTIONS for the question:Solve the following question and mark the best possible option.What is the percentage profit on the sale of a tablet at Rs.11000, after discount?(i) The margin percentage on sales price is 10%.(ii) A discount of 20% was offered on the market price.(iii) Mark-up percentage was 50% over the cost price.Question can be answered bya)Statement (i) onlyb)Combining statements (ii) and (iii)c)Statement (ii) onlyd)Statement (i) or by combining statements (ii) and (iii)Correct answer is option 'D'. Can you explain this answer?
Question Description
DIRECTIONS for the question:Solve the following question and mark the best possible option.What is the percentage profit on the sale of a tablet at Rs.11000, after discount?(i) The margin percentage on sales price is 10%.(ii) A discount of 20% was offered on the market price.(iii) Mark-up percentage was 50% over the cost price.Question can be answered bya)Statement (i) onlyb)Combining statements (ii) and (iii)c)Statement (ii) onlyd)Statement (i) or by combining statements (ii) and (iii)Correct answer is option 'D'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about DIRECTIONS for the question:Solve the following question and mark the best possible option.What is the percentage profit on the sale of a tablet at Rs.11000, after discount?(i) The margin percentage on sales price is 10%.(ii) A discount of 20% was offered on the market price.(iii) Mark-up percentage was 50% over the cost price.Question can be answered bya)Statement (i) onlyb)Combining statements (ii) and (iii)c)Statement (ii) onlyd)Statement (i) or by combining statements (ii) and (iii)Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for DIRECTIONS for the question:Solve the following question and mark the best possible option.What is the percentage profit on the sale of a tablet at Rs.11000, after discount?(i) The margin percentage on sales price is 10%.(ii) A discount of 20% was offered on the market price.(iii) Mark-up percentage was 50% over the cost price.Question can be answered bya)Statement (i) onlyb)Combining statements (ii) and (iii)c)Statement (ii) onlyd)Statement (i) or by combining statements (ii) and (iii)Correct answer is option 'D'. Can you explain this answer?.
DIRECTIONS for the question:Solve the following question and mark the best possible option.What is the percentage profit on the sale of a tablet at Rs.11000, after discount?(i) The margin percentage on sales price is 10%.(ii) A discount of 20% was offered on the market price.(iii) Mark-up percentage was 50% over the cost price.Question can be answered bya)Statement (i) onlyb)Combining statements (ii) and (iii)c)Statement (ii) onlyd)Statement (i) or by combining statements (ii) and (iii)Correct answer is option 'D'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about DIRECTIONS for the question:Solve the following question and mark the best possible option.What is the percentage profit on the sale of a tablet at Rs.11000, after discount?(i) The margin percentage on sales price is 10%.(ii) A discount of 20% was offered on the market price.(iii) Mark-up percentage was 50% over the cost price.Question can be answered bya)Statement (i) onlyb)Combining statements (ii) and (iii)c)Statement (ii) onlyd)Statement (i) or by combining statements (ii) and (iii)Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for DIRECTIONS for the question:Solve the following question and mark the best possible option.What is the percentage profit on the sale of a tablet at Rs.11000, after discount?(i) The margin percentage on sales price is 10%.(ii) A discount of 20% was offered on the market price.(iii) Mark-up percentage was 50% over the cost price.Question can be answered bya)Statement (i) onlyb)Combining statements (ii) and (iii)c)Statement (ii) onlyd)Statement (i) or by combining statements (ii) and (iii)Correct answer is option 'D'. Can you explain this answer?.
Solutions for DIRECTIONS for the question:Solve the following question and mark the best possible option.What is the percentage profit on the sale of a tablet at Rs.11000, after discount?(i) The margin percentage on sales price is 10%.(ii) A discount of 20% was offered on the market price.(iii) Mark-up percentage was 50% over the cost price.Question can be answered bya)Statement (i) onlyb)Combining statements (ii) and (iii)c)Statement (ii) onlyd)Statement (i) or by combining statements (ii) and (iii)Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT.
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