Question
Download Solution PDFA trader marked the price of a commodity to include a profit of 25% but allowed a discount of 16% on the marked price. What will be his actual profit ?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Marked Price (MP) = Cost Price (CP) + 25% of CP
Discount = 16% of MP
Formula used:
MP = CP × (1 + 0.25)
Selling Price (SP) = MP × (1 - 0.16)
Profit Percentage =
Calculation:
MP = CP × (1 + 0.25)
⇒ MP = CP × 1.25
SP = MP × (1 - 0.16)
⇒ SP = CP × 1.25 × 0.84
⇒ SP = CP × 1.05
Profit Percentage =
⇒ Profit Percentage =
⇒ Profit Percentage =
⇒ Profit Percentage = 0.05 × 100
⇒ Profit Percentage = 5%
∴ The correct answer is option 1.
Last updated on Jun 19, 2025
-> UP Police Constable 2025 Notification will be released for 19220 vacancies by June End 2025.
-> Check UPSC Prelims Result 2025, UPSC IFS Result 2025, UPSC Prelims Cutoff 2025, UPSC Prelims Result 2025 Name Wise & Rollno. Wise
-> UPPRPB Constable application window is expected to open in June 2025.
-> UP Constable selection is based on Written Examination, Document Verification, Physical Measurements Test, and Physical Efficiency Test.
-> Candidates can attend the UP Police Constable and can check the UP Police Constable Previous Year Papers. Also, check UP Police Constable Exam Analysis.