Banking Exams Exam  >  Banking Exams Questions  >   Study the following data carefully and answe... Start Learning for Free
Study the following data carefully and answer the questions:
A shopkeeper sold 5 items an Almirah, a Chair, a Sofa, a Bed, and a Table. Cost price and marked price of each item are different and the shopkeeper sold each item at different discounts on their respective marked price.
Cost price of the Almirah is Rs.20000 more than that of the Chair and double that of the Sofa. Cost price of the Bed is 60% more than that of the Table and the Bed is marked up by Rs.4000. The Chair is marked up by 20%, the table is marked up by 8% and the marked price of the table is Rs.6000 more than that of the chair. Marked price of the Almirah is Rs.6000 more than its cost price and also Rs.10000 more than the marked price of the Bed. Average of marked prices of the Sofa and the Bed is Rs.18000.
Q. If the Chair and the Sofa are sold at 14% profit and 25% profit respectively, then what will be the ratio of discount percent on the marked price of the Chair to that of the Sofa?
  • a)
    5 : 6
  • b)
    2 : 3
  • c)
    10 : 11
  • d)
    4 : 5
  • e)
    25 : 28
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Study the following data carefully and answer the questions:A shopkee...
Let CP of the Chair = ‘x’ rupees
So, CP of the Almirah = (x + 20000) rupees
And CP of the Sofa = [(x + 20000)/2] rupees
Let CP of the Table = ‘5y’ rupees
So, CP of the Bed = 160% of 5y = ‘8y’ rupees
And MP of the Bed = (8y + 4000) rupees
Since the Chair is marked up by 20%.
MP of the chair = 120% of x = ‘1.2x’ rupees
Since MP of the table is Rs.6000 more than that of the chair.
MP of the Table = (1.2x + 6000) rupees
Since the table is marked up by 8%.
So,
1.2x + 6000 = 5y * (108/100)
1.2x + 6000 = 27y/5
6x + 30000 = 27y
2x + 10000 = 9y -----(1)
Since MP of the Almirah is Rs.10000 more than MP of the Bed.
So, MP of the Almirah = (8y + 4000 + 10000) rupees
Since MP of the Almirah is Rs.6000 more than its CP.
So,
8y + 4000 + 10000 – x – 20000 = 6000
8y – x = 12000
x = 8y – 12000 -----(2)
From equations (1) and (2):
2 * (8y – 12000) + 10000 = 9y
16y – 24000 + 10000 = 9y
y = 2000, x = 4000
CP of the Chair = Rs.4000
SP of the Chair = 114% of 4000 = Rs.4560
MP of the Chair = Rs.4800
So, discount percent on MP of the Chair = [(4800 – 4560)/4800] * 100 = 5%
CP of the Sofa = Rs.12000
SP of the Sofa = 125% of 12000 = Rs.15000
MP of the Sofa = Rs.16000
So, discount percent on MP of the Sofa = [(16000 – 15000)/16000] * 100 = 6.25%
Required ratio = 5: 6.25 = 4: 5
Explore Courses for Banking Exams exam

Similar Banking Exams Doubts

Study the following data carefully and answer the questions:A shopkeeper sold 5 items an Almirah, a Chair, a Sofa, a Bed, and a Table. Cost price and marked price of each item are different and the shopkeeper sold each item at different discounts on their respective marked price.Cost price of the Almirah is Rs.20000 more than that of the Chair and double that of the Sofa. Cost price of the Bed is 60% more than that of the Table and the Bed is marked up by Rs.4000. The Chair is marked up by 20%, the table is marked up by 8% and the marked price of the table is Rs.6000 more than that of the chair. Marked price of the Almirah is Rs.6000 more than its cost price and also Rs.10000 more than the marked price of the Bed. Average of marked prices of the Sofa and the Bed is Rs.18000.Q. If the Chair and the Sofa are sold at 14% profit and 25% profit respectively, then what will be the ratio of discount percent on the marked price of the Chair to that of the Sofa?a)5 : 6b)2 : 3c)10 : 11d)4 : 5e)25 : 28Correct answer is option 'D'. Can you explain this answer?
Question Description
Study the following data carefully and answer the questions:A shopkeeper sold 5 items an Almirah, a Chair, a Sofa, a Bed, and a Table. Cost price and marked price of each item are different and the shopkeeper sold each item at different discounts on their respective marked price.Cost price of the Almirah is Rs.20000 more than that of the Chair and double that of the Sofa. Cost price of the Bed is 60% more than that of the Table and the Bed is marked up by Rs.4000. The Chair is marked up by 20%, the table is marked up by 8% and the marked price of the table is Rs.6000 more than that of the chair. Marked price of the Almirah is Rs.6000 more than its cost price and also Rs.10000 more than the marked price of the Bed. Average of marked prices of the Sofa and the Bed is Rs.18000.Q. If the Chair and the Sofa are sold at 14% profit and 25% profit respectively, then what will be the ratio of discount percent on the marked price of the Chair to that of the Sofa?a)5 : 6b)2 : 3c)10 : 11d)4 : 5e)25 : 28Correct 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 Study the following data carefully and answer the questions:A shopkeeper sold 5 items an Almirah, a Chair, a Sofa, a Bed, and a Table. Cost price and marked price of each item are different and the shopkeeper sold each item at different discounts on their respective marked price.Cost price of the Almirah is Rs.20000 more than that of the Chair and double that of the Sofa. Cost price of the Bed is 60% more than that of the Table and the Bed is marked up by Rs.4000. The Chair is marked up by 20%, the table is marked up by 8% and the marked price of the table is Rs.6000 more than that of the chair. Marked price of the Almirah is Rs.6000 more than its cost price and also Rs.10000 more than the marked price of the Bed. Average of marked prices of the Sofa and the Bed is Rs.18000.Q. If the Chair and the Sofa are sold at 14% profit and 25% profit respectively, then what will be the ratio of discount percent on the marked price of the Chair to that of the Sofa?a)5 : 6b)2 : 3c)10 : 11d)4 : 5e)25 : 28Correct 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 Study the following data carefully and answer the questions:A shopkeeper sold 5 items an Almirah, a Chair, a Sofa, a Bed, and a Table. Cost price and marked price of each item are different and the shopkeeper sold each item at different discounts on their respective marked price.Cost price of the Almirah is Rs.20000 more than that of the Chair and double that of the Sofa. Cost price of the Bed is 60% more than that of the Table and the Bed is marked up by Rs.4000. The Chair is marked up by 20%, the table is marked up by 8% and the marked price of the table is Rs.6000 more than that of the chair. Marked price of the Almirah is Rs.6000 more than its cost price and also Rs.10000 more than the marked price of the Bed. Average of marked prices of the Sofa and the Bed is Rs.18000.Q. If the Chair and the Sofa are sold at 14% profit and 25% profit respectively, then what will be the ratio of discount percent on the marked price of the Chair to that of the Sofa?a)5 : 6b)2 : 3c)10 : 11d)4 : 5e)25 : 28Correct answer is option 'D'. Can you explain this answer?.
Solutions for Study the following data carefully and answer the questions:A shopkeeper sold 5 items an Almirah, a Chair, a Sofa, a Bed, and a Table. Cost price and marked price of each item are different and the shopkeeper sold each item at different discounts on their respective marked price.Cost price of the Almirah is Rs.20000 more than that of the Chair and double that of the Sofa. Cost price of the Bed is 60% more than that of the Table and the Bed is marked up by Rs.4000. The Chair is marked up by 20%, the table is marked up by 8% and the marked price of the table is Rs.6000 more than that of the chair. Marked price of the Almirah is Rs.6000 more than its cost price and also Rs.10000 more than the marked price of the Bed. Average of marked prices of the Sofa and the Bed is Rs.18000.Q. If the Chair and the Sofa are sold at 14% profit and 25% profit respectively, then what will be the ratio of discount percent on the marked price of the Chair to that of the Sofa?a)5 : 6b)2 : 3c)10 : 11d)4 : 5e)25 : 28Correct 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.
Here you can find the meaning of Study the following data carefully and answer the questions:A shopkeeper sold 5 items an Almirah, a Chair, a Sofa, a Bed, and a Table. Cost price and marked price of each item are different and the shopkeeper sold each item at different discounts on their respective marked price.Cost price of the Almirah is Rs.20000 more than that of the Chair and double that of the Sofa. Cost price of the Bed is 60% more than that of the Table and the Bed is marked up by Rs.4000. The Chair is marked up by 20%, the table is marked up by 8% and the marked price of the table is Rs.6000 more than that of the chair. Marked price of the Almirah is Rs.6000 more than its cost price and also Rs.10000 more than the marked price of the Bed. Average of marked prices of the Sofa and the Bed is Rs.18000.Q. If the Chair and the Sofa are sold at 14% profit and 25% profit respectively, then what will be the ratio of discount percent on the marked price of the Chair to that of the Sofa?a)5 : 6b)2 : 3c)10 : 11d)4 : 5e)25 : 28Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Study the following data carefully and answer the questions:A shopkeeper sold 5 items an Almirah, a Chair, a Sofa, a Bed, and a Table. Cost price and marked price of each item are different and the shopkeeper sold each item at different discounts on their respective marked price.Cost price of the Almirah is Rs.20000 more than that of the Chair and double that of the Sofa. Cost price of the Bed is 60% more than that of the Table and the Bed is marked up by Rs.4000. The Chair is marked up by 20%, the table is marked up by 8% and the marked price of the table is Rs.6000 more than that of the chair. Marked price of the Almirah is Rs.6000 more than its cost price and also Rs.10000 more than the marked price of the Bed. Average of marked prices of the Sofa and the Bed is Rs.18000.Q. If the Chair and the Sofa are sold at 14% profit and 25% profit respectively, then what will be the ratio of discount percent on the marked price of the Chair to that of the Sofa?a)5 : 6b)2 : 3c)10 : 11d)4 : 5e)25 : 28Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Study the following data carefully and answer the questions:A shopkeeper sold 5 items an Almirah, a Chair, a Sofa, a Bed, and a Table. Cost price and marked price of each item are different and the shopkeeper sold each item at different discounts on their respective marked price.Cost price of the Almirah is Rs.20000 more than that of the Chair and double that of the Sofa. Cost price of the Bed is 60% more than that of the Table and the Bed is marked up by Rs.4000. The Chair is marked up by 20%, the table is marked up by 8% and the marked price of the table is Rs.6000 more than that of the chair. Marked price of the Almirah is Rs.6000 more than its cost price and also Rs.10000 more than the marked price of the Bed. Average of marked prices of the Sofa and the Bed is Rs.18000.Q. If the Chair and the Sofa are sold at 14% profit and 25% profit respectively, then what will be the ratio of discount percent on the marked price of the Chair to that of the Sofa?a)5 : 6b)2 : 3c)10 : 11d)4 : 5e)25 : 28Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Study the following data carefully and answer the questions:A shopkeeper sold 5 items an Almirah, a Chair, a Sofa, a Bed, and a Table. Cost price and marked price of each item are different and the shopkeeper sold each item at different discounts on their respective marked price.Cost price of the Almirah is Rs.20000 more than that of the Chair and double that of the Sofa. Cost price of the Bed is 60% more than that of the Table and the Bed is marked up by Rs.4000. The Chair is marked up by 20%, the table is marked up by 8% and the marked price of the table is Rs.6000 more than that of the chair. Marked price of the Almirah is Rs.6000 more than its cost price and also Rs.10000 more than the marked price of the Bed. Average of marked prices of the Sofa and the Bed is Rs.18000.Q. If the Chair and the Sofa are sold at 14% profit and 25% profit respectively, then what will be the ratio of discount percent on the marked price of the Chair to that of the Sofa?a)5 : 6b)2 : 3c)10 : 11d)4 : 5e)25 : 28Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Study the following data carefully and answer the questions:A shopkeeper sold 5 items an Almirah, a Chair, a Sofa, a Bed, and a Table. Cost price and marked price of each item are different and the shopkeeper sold each item at different discounts on their respective marked price.Cost price of the Almirah is Rs.20000 more than that of the Chair and double that of the Sofa. Cost price of the Bed is 60% more than that of the Table and the Bed is marked up by Rs.4000. The Chair is marked up by 20%, the table is marked up by 8% and the marked price of the table is Rs.6000 more than that of the chair. Marked price of the Almirah is Rs.6000 more than its cost price and also Rs.10000 more than the marked price of the Bed. Average of marked prices of the Sofa and the Bed is Rs.18000.Q. If the Chair and the Sofa are sold at 14% profit and 25% profit respectively, then what will be the ratio of discount percent on the marked price of the Chair to that of the Sofa?a)5 : 6b)2 : 3c)10 : 11d)4 : 5e)25 : 28Correct answer is option 'D'. 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