Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Percentages

Question:

The marked price of a trouser is four times the cost price. To earn 64 percent profit, what should be the discount percentage?

Options:

55 percent

62 percent

65 percent

59 percent

Correct Answer:

59 percent

Explanation:

Let cost price = X , Marked Price = 4X

If Profit is 64% , Then selling price = \(\frac{164}{100}\)X

 Selling price = 1.64X

Now ,

Discount% = \(\frac{MP-SP}{MP}\) × 100%

Discount% = \(\frac{4X-1.64X}{4X}\) × 100% = 59%