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Read the following information carefully and answer the questions based on it.
Article P sold at 35% profit and Q at 20% profit, MRP of P is 92% more that of Q. Selling price of Q is 58.33% less than that of P. Article P sold after discount of (M – 15) % and Q at discount of (N +20) %. N is half of M.
Q. A retailer cheats whole seller, buys M% extra quantity and, cheats customer by giving N% less quantity. He claims no profit no loss to customer, who don’t know about cheating, fin d his actual profit %.
  • a)
    68%
  • b)
    60%
  • c)
    52%
  • d)
    75%
  • e)
    None of these
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Read the following information carefully and answer the questions base...
The given information can be summarized as follows:

- Article P is sold at a 35% profit.
- Article Q is sold at a 20% profit.
- The MRP (Maximum Retail Price) of P is 92% more than that of Q.
- The selling price of Q is 58.33% less than that of P.
- Article P is sold after a discount of (M).

Let's use variables to represent the unknowns:
- Cost price of Article P = CP_P
- Cost price of Article Q = CP_Q
- Selling price of Article P = SP_P
- Selling price of Article Q = SP_Q
- MRP of Article P = MRP_P
- MRP of Article Q = MRP_Q

Now, let's solve the questions:

1. What is the profit percentage of Article P?

Profit percentage = ((Selling price - Cost price) / Cost price) * 100

Given that Article P is sold at a 35% profit, we can write:

Profit percentage of P = 35%

2. What is the profit percentage of Article Q?

Profit percentage = ((Selling price - Cost price) / Cost price) * 100

Given that Article Q is sold at a 20% profit, we can write:

Profit percentage of Q = 20%

3. What is the relationship between the MRP of P and Q?

Given that the MRP of P is 92% more than that of Q, we can write:

MRP_P = MRP_Q + (92% of MRP_Q)
MRP_P = MRP_Q + 0.92 * MRP_Q
MRP_P = 1.92 * MRP_Q

So, the MRP of P is 1.92 times the MRP of Q.

4. What is the relationship between the selling price of P and Q?

Given that the selling price of Q is 58.33% less than that of P, we can write:

SP_Q = SP_P - (58.33% of SP_P)
SP_Q = SP_P - 0.5833 * SP_P
SP_Q = 0.4167 * SP_P

So, the selling price of Q is 0.4167 times the selling price of P.

5. What is the discount on Article P?

Given that Article P is sold after a discount of (M), we can write:

Discount on P = M

So, the discount on Article P is (M).

Please note that the question was cut off, and the information about the discount on Article P was incomplete. Therefore, we cannot provide an exact value for the discount.
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Community Answer
Read the following information carefully and answer the questions base...
Let MRP of Q = 100a
So MRP of P = 192% x 100a = 192a
Now,
192a x [ 100 – (M – 15)] % / 100a x [100 – (N + 20)] % = 12/5
Also, M = 2N
460 – 8N = 400 – 5N
3N = 60
Value of N = 20
Value of M = 2 x 20 = 40
Now,
CP of P X 1.35 / CP of Q x 1.2 = 12/5
CP of P / CP of Q = 32/15
Value of (2M + 3N) = 2 x 40 + 3 x 20 = 140
Let actual CP of 1 unit = Rs. 100
Cost price for retailor per unit = 500/7
Selling price for retailer per unit = 100/0.8 = Rs. 125
Ratio of CP and SP for retailor = 500/7: 125 = 4:7
Actual profit % = (7 – 4)/4 x 100 = 75%
Hence answer is option D
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Read the following information carefully and answer the questions based on it.Article P sold at 35% profit and Q at 20% profit, MRP of P is 92% more that of Q. Selling price of Q is 58.33% less than that of P. Article P sold after discount of (M – 15) % and Q at discount of (N +20) %. N is half of M.Q. A retailer cheats whole seller, buys M% extra quantity and, cheats customer by giving N% less quantity. He claims no profit no loss to customer, who don’t know about cheating, fin d his actual profit %.a)68%b)60%c)52%d)75%e)None of theseCorrect answer is option 'D'. Can you explain this answer?
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Read the following information carefully and answer the questions based on it.Article P sold at 35% profit and Q at 20% profit, MRP of P is 92% more that of Q. Selling price of Q is 58.33% less than that of P. Article P sold after discount of (M – 15) % and Q at discount of (N +20) %. N is half of M.Q. A retailer cheats whole seller, buys M% extra quantity and, cheats customer by giving N% less quantity. He claims no profit no loss to customer, who don’t know about cheating, fin d his actual profit %.a)68%b)60%c)52%d)75%e)None of theseCorrect 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 Read the following information carefully and answer the questions based on it.Article P sold at 35% profit and Q at 20% profit, MRP of P is 92% more that of Q. Selling price of Q is 58.33% less than that of P. Article P sold after discount of (M – 15) % and Q at discount of (N +20) %. N is half of M.Q. A retailer cheats whole seller, buys M% extra quantity and, cheats customer by giving N% less quantity. He claims no profit no loss to customer, who don’t know about cheating, fin d his actual profit %.a)68%b)60%c)52%d)75%e)None of theseCorrect 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 Read the following information carefully and answer the questions based on it.Article P sold at 35% profit and Q at 20% profit, MRP of P is 92% more that of Q. Selling price of Q is 58.33% less than that of P. Article P sold after discount of (M – 15) % and Q at discount of (N +20) %. N is half of M.Q. A retailer cheats whole seller, buys M% extra quantity and, cheats customer by giving N% less quantity. He claims no profit no loss to customer, who don’t know about cheating, fin d his actual profit %.a)68%b)60%c)52%d)75%e)None of theseCorrect answer is option 'D'. Can you explain this answer?.
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