Question
Download Solution PDFA tradesman marked the price of his goods to earn a profit of 20% after giving a discount of 20%. Marked price is how much percentage more than the cost price?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven
Profit percent = 20%
Discount percent = 20%
Concept:
If an item is sold at a profit of P% after giving a discount of D%, then the marked price (M) is given by the formula M = [100/(100 - D)] × (100 + P).
Solution:
⇒ Marked price = [100/(100 - 20)] × (100 + 20)
⇒ Marked price = (100/80) × 120 = 150
Therefore, the marked price is 50% more than the cost price.
Last updated on Jul 8, 2025
-> The Staff Selection Commission released the SSC GD 2025 Answer Key on 26th June 2025 on the official website.
-> The SSC GD Notification 2026 will be released in October 2025 and the exam will be scheduled in the month of January and February 2026.
-> Now the total number of vacancy is 53,690. Previously, SSC GD 2025 Notification was released for 39481 Vacancies.
-> The selection process includes CBT, PET/PST, Medical Examination, and Document Verification.
-> The candidates who will be appearing for the 2026 cycle in the exam must attempt the SSC GD Constable Previous Year Papers. Also, attempt SSC GD Constable Mock Tests.