A saree bought for Rs. 500 is marked at 16% profit and later on sold at a sales discount of x% on the marked price. If the selling price of the saree is Rs. 493, find the value of x. 

This question was previously asked in
SSC CGL 2023 Tier-I Official Paper (Held On: 19 Jul 2023 Shift 2)
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  1. 18
  2. 16
  3. 17
  4. 15

Answer (Detailed Solution Below)

Option 4 : 15
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PYST 1: SSC CGL - General Awareness (Held On : 20 April 2022 Shift 2)
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Detailed Solution

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Given : 

CP = Rs.500 

Profit = 16%

Discount = x %

SP = Rs.493

Formula Used :

Discount = MP - SP

Profit = SP - CP

Calculation : 

Profit = 16% = 16/100

MP = 116 × 5 = 580

Discount = x % 

So,

⇒ 580 × (100 - x)/100 = 493

⇒ 58 × (100 - x) = 4930

⇒ 5800 - 58x = 4930

⇒ 58x = 870

⇒ x = 15

∴ The correct answer is 15.

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