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Directions: The given table shows the different prices of six products sold by a store and the profit/loss in their sales, but some of the details is missing from the table. Study the table and answer the question that follow.
Note: A positive (+) sign denotes profit, while a negative (–) sign denotes loss.
Q. The price of the product F was marked 30% above its cost price. But, if it was marked 25% above its cost price, then at what discount should it be sold so as to earn the same profit?
  • a)
    4%
  • b)
    5%
  • c)
    6%
  • d)
    8%
  • e)
    10%
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Directions: The given table shows the different prices of six product...
Profit earned on product F = Rs. 240
⇒ 15% of Cost price = 240
⇒ Cost price of product F = 240 / 0.15 = Rs. 1600
⇒ Selling price of product F = 1600 + 240 = Rs. 1840
Now, if the price was marked 25% above the cost price,
⇒ Marked price = 125% of 1600 = Rs. 2000
∵ The profit should remain the same, the selling price will also be the same,
⇒ Discount price = Marked price – Selling price = 2000 – 1840 = Rs. 160
∴ Discount % = 160 / 2000 × 100 = 8%
Hence, the correct option is (D).
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Directions: The given table shows the different prices of six products sold by a store and the profit/loss in their sales, but some of the details is missing from the table. Study the table and answer the question that follow.Note: A positive (+) sign denotes profit, while a negative (–) sign denotes loss.Q. The price of the product F was marked 30% above its cost price. But, if it was marked 25% above its cost price, then at what discount should it be sold so as to earn the same profit?a)4%b)5%c)6%d)8%e)10%Correct answer is option 'D'. Can you explain this answer?
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Directions: The given table shows the different prices of six products sold by a store and the profit/loss in their sales, but some of the details is missing from the table. Study the table and answer the question that follow.Note: A positive (+) sign denotes profit, while a negative (–) sign denotes loss.Q. The price of the product F was marked 30% above its cost price. But, if it was marked 25% above its cost price, then at what discount should it be sold so as to earn the same profit?a)4%b)5%c)6%d)8%e)10%Correct answer is option 'D'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Directions: The given table shows the different prices of six products sold by a store and the profit/loss in their sales, but some of the details is missing from the table. Study the table and answer the question that follow.Note: A positive (+) sign denotes profit, while a negative (–) sign denotes loss.Q. The price of the product F was marked 30% above its cost price. But, if it was marked 25% above its cost price, then at what discount should it be sold so as to earn the same profit?a)4%b)5%c)6%d)8%e)10%Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: The given table shows the different prices of six products sold by a store and the profit/loss in their sales, but some of the details is missing from the table. Study the table and answer the question that follow.Note: A positive (+) sign denotes profit, while a negative (–) sign denotes loss.Q. The price of the product F was marked 30% above its cost price. But, if it was marked 25% above its cost price, then at what discount should it be sold so as to earn the same profit?a)4%b)5%c)6%d)8%e)10%Correct answer is option 'D'. Can you explain this answer?.
Solutions for Directions: The given table shows the different prices of six products sold by a store and the profit/loss in their sales, but some of the details is missing from the table. Study the table and answer the question that follow.Note: A positive (+) sign denotes profit, while a negative (–) sign denotes loss.Q. The price of the product F was marked 30% above its cost price. But, if it was marked 25% above its cost price, then at what discount should it be sold so as to earn the same profit?a)4%b)5%c)6%d)8%e)10%Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.
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