Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The marked price of an article is 20% above the cost price. After allowing x% discount on the marked price, a shopkeeper loses 10%. What is the value of x?

Options:

30

28

20

25

Correct Answer:

25

Explanation:

Let the cost price of the article= 100

Markup = 20%

Then the marked price of the article = 120

Loss = 10% means,

Selling price = 90% of the cost price = 90

Discount = 120 - 90 = 30

Discount % = 30 × \(\frac{100}{120}\) = 25%