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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.
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
Direction: The given table shows the different prices of six products...
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 = = 45% above its cost price
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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.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?
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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.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 2025 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.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 2025 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.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?.
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