hamburger menu
All Coursesall course arrow
adda247
reward-icon
adda247
    arrow
    arrow
    arrow
    A merchant fixes the sale price of his goods at 42% above the cost price. He sells his goods at a 15% discount marked price. His percentage of profit
    Question

    A merchant fixes the sale price of his goods at 42% above the cost price. He sells his goods at a 15% discount marked price. His percentage of profit (rounded off to the nearest integer) is:

    A.

    42%

    B.

    21%

    C.

    27%

    D.

    35%

    Correct option is B

    Given:

    Selling price of good = 42% above the cost price

    Discount = 15%

    Concept and Formula Used:

    Discount % = (MPSP)MP×100\frac {(MP -SP)}{MP}×100​​

    Profit percentage = (SPCP)CP×100\frac{(SP -CP)}{CP}×100​​

    CP = Cost Price

    SP = Selling Price

    MP = Marked Price

    Solution:

    As per the question;

    Let the CP = 100

    MP = 142

    SP = 142 ×85/100=120.7

    Profit percentage = (SPCP)CP×100\frac{(SP -CP)}{CP}×100​​

    = (120.7 -100)/100×100

    Profit percentage = 20.7% ≈21%

    Free Tests

    Free
    Must Attempt

    SSC GD PYP (Held on 4 Feb 2025 S1)

    languageIcon English
    • pdpQsnIcon80 Questions
    • pdpsheetsIcon160 Marks
    • timerIcon60 Mins
    languageIcon English
    Free
    Must Attempt

    Hindi Section Test 1

    languageIcon English
    • pdpQsnIcon20 Questions
    • pdpsheetsIcon40 Marks
    • timerIcon12 Mins
    languageIcon English
    Free
    Must Attempt

    SSC GD Constable Full Mock Test 1

    languageIcon English
    • pdpQsnIcon80 Questions
    • pdpsheetsIcon160 Marks
    • timerIcon60 Mins
    languageIcon English

    Similar Questions

    test-prime-package

    Access ‘SSC CGL Tier 2’ Mock Tests with

    • 60000+ Mocks and Previous Year Papers
    • Unlimited Re-Attempts
    • Personalised Report Card
    • 500% Refund on Final Selection
    • Largest Community
    students-icon
    347k+ students have already unlocked exclusive benefits with Test Prime!
    Our Plans
    Monthsup-arrow