ABC26GN2860 · Profit and Loss

Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:

A dealer marked the price of an item 40\% above the cost price. He allowed two successive discounts of 20\% and 25\% to a particular customer. As a result he incurred a loss of ₹448. At what price did he sell the item to the said customer? [IBPS-Bank Spl. Officer (IT) Exam, 2015]

(a)₹ 2,416

(b)₹ 2,352

(c)₹ 2,268

(d)₹ 2, 152

Answer

Answer (as printed): B

Explanation

Let the cost price be ` 100. CP MP SP 100 140 20% of discount 25% of discount ` 84 20 × 140 25 × 112 = = 28 = = 28 100 100 ` (140 – 28) = ` 112 ` (112 – 28) = ` 84 Loss = 100 – 84 = 16%  If ` 16 loss, cost price ` 100. 100 ∴ If ` 448 loss, cost price = × 448 16 = 28 × 100 = ` 2800 2800 × 84 ∴ Selling price = = ` 2352 100 QUANTITATIVE APTITUDE

Explanation as extracted from the printed page; notation may be imperfect.

Open in whiteboard · Browse this chapter in the app