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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 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.
► 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
► 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%
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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'.
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The question is followed by two statements, A and B. Answer each question using the following instructions: Mark option (1) if the question can be answered os using statement A alone but not by using statement B alone. Mark option (2) if the question can be answered by using statement B alone but not by using statement A alone. Mark option (3) if the question can be answered by using either statement alone. Mark option (4) if the question can be answered by using both the statements together but not by either of the statements alone. Mark option (S) if the question cannot be answered on the basis of the two statements. 12) Krishna, a merchant purchases an article and marks it up by a certain price and then gives discount on the marked up price. Find the discount percentage Krishna gave. 1. If he marks the article up Rs. S00 more than at what he purchased and gives a discount of Rs.600, then the profit he makes will be twice the loss he would have made if he ha at what he had purchased and had given a discount of Rs.700. B. He marked the article up by S0% and made a profit of 20%. O 1) O 2) O 3) O 4) O S)?

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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?
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