Question : A dealer marks his goods at 20% above the cost price and allows a discount of 15% on the marked price. What is his gain or loss percentage?
Option 1: 4% gain
Option 2: 2% loss
Option 3: 2% gain
Option 4: 4% loss
Latest: SSC CGL 2024 final Result Out | SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL Tier 1 Scorecard 2024 Released | SSC CGL complete guide
Suggested: Month-wise Current Affairs | Upcoming Government Exams
Correct Answer: 2% gain
Solution : Given: A dealer marks his goods at 20% above the cost price and allows a discount of 15% on the marked price. Let the cost price be 100. So, the marked price is (100 + 20) = 120 We know, Selling price = $\frac{(100-\text{Discount%})}{100}\times \text{Marked price}$ Selling price = $\frac{(100-15)}{100}×120=102$ Profit = 102 – 100 = 2 Profit percentage is $\frac{2}{100}×100=2$% So, his gain percentage is 2%. Hence, the correct answer is 2% gain.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : A dealer marks his goods at 20% above the cost price and allows a discount of 15%. What is his gain percentage?
Option 1: 3%
Option 2: 4%
Option 3: 2%
Option 4: 1%
Question : A dealer marks his goods at 40% above the cost price. He sells 60% of the goods at the marked price by giving a 10% discount and the rest by giving a 50% discount on the marked price. What is his overall profit or loss percentage?
Option 1: Loss 2.8%
Option 2: Profit 2.8%
Option 3: Profit 3.6%
Option 4: Loss 3.6%
Question : A tradesman marks his goods 20% above his cost price. If he allows his customer a 20% discount on the marked price, how much profit or loss does he make, if any:
Option 1: 2% loss
Option 2: 4% loss
Option 3: 1% profit
Option 4: 3% profit
Question : A shopkeeper marks his goods 40% above the cost price and allows a 25% discount on them. His gain percentage is:
Option 1: 5%
Option 2: 10%
Option 3: 15%
Option 4: 20%
Question : A dealer marks his goods at 15% above the cost price and allows a discount of 5% for cash payment. His profit percentage is:
Option 1: 9.25%
Option 2: 7.25%
Option 3: 11.25%
Option 4: 10.25%
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile