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Direction: 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. At what discount percentage should the store sell product C so as to earn a profit of 4% on the sale of product C?
  • a)
    15%
  • b)
    20%
  • c)
    25%
  • d)
    30%
  • e)
    35%
Correct answer is option 'E'. Can you explain this answer?
Most Upvoted Answer
Direction: The given table shows the different prices of six products...
Marked price of product C = Rs. 7200
When the discount % is 40%, the store suffers a loss of Rs. 180
⇒ Selling price = 7200 – 40% of 7200 = Rs. 4320
⇒ Cost price = Selling price + loss = 4320 + 180 = Rs. 4500
Now, in order to earn a profit of 4% on the sale of product C,
⇒ Selling price = 4500 + 4% of 4500 = Rs. 4680
⇒ Discount price = Marked price – Selling price = 7200 – 4680 = Rs. 2520
∴ Discount % at which the product C should be sold = 2520 / 7200 × 100 = 35%
Hence, the correct option is (E).
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Direction: 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. At what discount percentage should the store sell product C so as to earn a profit of 4% on the sale of product C?a)15%b)20%c)25%d)30%e)35%Correct answer is option 'E'. Can you explain this answer?
Question Description
Direction: 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. At what discount percentage should the store sell product C so as to earn a profit of 4% on the sale of product C?a)15%b)20%c)25%d)30%e)35%Correct answer is option 'E'. 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 Direction: 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. At what discount percentage should the store sell product C so as to earn a profit of 4% on the sale of product C?a)15%b)20%c)25%d)30%e)35%Correct answer is option 'E'. 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 Direction: 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. At what discount percentage should the store sell product C so as to earn a profit of 4% on the sale of product C?a)15%b)20%c)25%d)30%e)35%Correct answer is option 'E'. Can you explain this answer?.
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