Question : The marked price of mustard oil is 25% more than its cost price. At what percentage less than the marked price should it be sold to have no profit and no loss?
Option 1: 15%
Option 2: 20%
Option 3: 18%
Option 4: 22%
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: 20%
Solution : Let the cost price be Rs. 100 Then, marked price = 25% of CP = Rs. 125 If the oil is to be sold at no profit and no loss, the selling price should be Rs. 100 $\text{Percentage decrease} = \frac{\text{Marked price – selling price}}{\text{Marked price}} \times 100$. $= \frac{125-100}{125} \times 100 = 20$% Hence, the correct answer is 20%.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : The marked price of an article is 20% more than its cost price. What is the profit percent if a 5% discount is given on the marked price?
Option 1: 5
Option 2: 14
Option 3: 15
Option 4: 25
Question : A store sells a watch for a profit of 25% of its cost price. Then, the percentage of profit against the selling price is:
Option 1: 22%
Option 4: 15%
Question : A dishonest dealer sells articles at a 15% loss on cost price but uses the weight of 20 g instead of 25 g. What is his profit or loss percentage?
Option 1: 6.25% Profit
Option 2: 6.50% Profit
Option 3: 7.55% Loss
Option 4: 5.25% Loss
Question : Ram bought a cell phone and paid 30% less than its original price. He sold it at 50% profit on the price he had paid. The percentage of profit earned by Ram on the original price was:
Option 1: 25%
Option 2: 50%
Option 3: 15%
Option 4: 5%
Question : A dealer gains 20% by selling an article at 25% discount on its marked price. If the cost price of the article is decreased by 15%, how much discount percentage should he now give on the same marked price so as to earn the same percentage of profit as before?
Option 1: 32.50%
Option 2: 35%
Option 3: 36.25%
Option 4: 37.75%
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile