Banking Exams Exam  >  Banking Exams Questions  >   Directions: The given table shows the differ... Start Learning for Free
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. What percentage above the cost price is the price of the product B marked, if on increasing the discount price by 50%, the profit earned by the store is reduced to 1.5%?
  • a)
    40%
  • b)
    45%
  • c)
    50%
  • d)
    55%
  • e)
    60%
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Directions: The given table shows the different prices of six product...
As we know, Marked price – Discount price = Selling price
⇒ MP – 20% of MP = 3480
⇒ MP = 3480 / 0.8 = Rs. 4350
⇒ Discount price = 20% of 4350 = Rs. 870
Now, when the discount price is increased by 50%, profit = 1.5%
⇒ New discount price = 150% of 870 = Rs. 1305
⇒ Selling price = 4350 – 1305 = Rs. 3045
∵ Cost price + Profit = Selling price
⇒ CP + 1.5% of CP = 3045
⇒ Cost price = 3045 / 1.015 = Rs. 3000
∴ The price of product B is marked = x 100 = 45% above its cost price
Hence, the correct option is (B).
Explore Courses for Banking Exams exam
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. What percentage above the cost price is the price of the product B marked, if on increasing the discount price by 50%, the profit earned by the store is reduced to 1.5%?a)40%b)45%c)50%d)55%e)60%Correct answer is option 'B'. Can you explain this answer?
Question Description
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. What percentage above the cost price is the price of the product B marked, if on increasing the discount price by 50%, the profit earned by the store is reduced to 1.5%?a)40%b)45%c)50%d)55%e)60%Correct answer is option 'B'. 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. What percentage above the cost price is the price of the product B marked, if on increasing the discount price by 50%, the profit earned by the store is reduced to 1.5%?a)40%b)45%c)50%d)55%e)60%Correct answer is option 'B'. 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. What percentage above the cost price is the price of the product B marked, if on increasing the discount price by 50%, the profit earned by the store is reduced to 1.5%?a)40%b)45%c)50%d)55%e)60%Correct answer is option 'B'. 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. What percentage above the cost price is the price of the product B marked, if on increasing the discount price by 50%, the profit earned by the store is reduced to 1.5%?a)40%b)45%c)50%d)55%e)60%Correct answer is option 'B'. 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.
Here you can find the meaning of 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. What percentage above the cost price is the price of the product B marked, if on increasing the discount price by 50%, the profit earned by the store is reduced to 1.5%?a)40%b)45%c)50%d)55%e)60%Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of 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. What percentage above the cost price is the price of the product B marked, if on increasing the discount price by 50%, the profit earned by the store is reduced to 1.5%?a)40%b)45%c)50%d)55%e)60%Correct answer is option 'B'. Can you explain this answer?, a detailed solution 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. What percentage above the cost price is the price of the product B marked, if on increasing the discount price by 50%, the profit earned by the store is reduced to 1.5%?a)40%b)45%c)50%d)55%e)60%Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of 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. What percentage above the cost price is the price of the product B marked, if on increasing the discount price by 50%, the profit earned by the store is reduced to 1.5%?a)40%b)45%c)50%d)55%e)60%Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice 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. What percentage above the cost price is the price of the product B marked, if on increasing the discount price by 50%, the profit earned by the store is reduced to 1.5%?a)40%b)45%c)50%d)55%e)60%Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Banking Exams tests.
Explore Courses for Banking Exams exam

Top Courses for Banking Exams

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev