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A profit of 25% is earned on goods when a discount of 20% is allowed on the marked price What profit percentage Will be earned When a discount of 10% is allowed on the marked price ?

A) \( \Large 45\frac{9}{11} \)%
B) \( \Large 42\frac{3}{4} \)%
C) \( \Large 40\frac{5}{8} \)%
D) \( \Large 37\frac{2}{3} \)%
E) None of these

Correct Answer:



C) \( \Large 40\frac{5}{8} \)%

Description for Correct answer:
Let the marked price of goods =Rs 100/-

Selling price of goods =\( \Large 100 \times \frac{80}{100}=Rs 80/- \)

Cost price of goods = \( \Large 80 \times \frac{100}{125} = Rs 64/- \)

When a discount of 10% is allowed on the marked price of seeds then

selling price will be =\( \Large 100 \times \frac{90}{100} = Rs 90/- \)

Required profit percentage

=\( \Large \frac{90 - 64}{64} \times 100 = \frac{26}{64} \times 100 \)

=\( \Large \frac{325}{8} = 40\frac{5}{8} \)

Part of solved SBI JuniorAssociates-Prelims questions and answers : Exams >> Bank Exams >> SBI JuniorAssociates-Prelims

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