The following question contains a statement followed by Quantity 1, 2 and 3. You should use the given data and your knowledge of Mathematics to choose among the possible answer. The options represent the relations between these three quantities A) > B) < C) = D) ≤ E) ≥ 1) A, B 2) B, C 3) B, A 4) E, B 5) B, D Quantity 1: Find the profit percentage on selling a Ray ban sunglass after offering a discount of 20%, if it costs Rs. 1250 and marked up by Rs. 400. Quantity 2: The profit earned by selling an article for Rs. 210 is 20% while the discount percentage allowed on the article is at the rate of 30% then find the percentage by which marked price of the article is raised above cost price? Quantity 3: What is the profit percentage earned by selling an article which costs Rs. 180 and the shopkeeper sold the article for Rs. 320?
The following question contains a statement followed by Quantity 1, 2 and 3. You should use the given data and your knowledge of Mathematics to choose among the possible answer. The options represent the relations between these three quantities A) > B) < C) = D) ≤ E) ≥ 1) A, B 2) B, C 3) B, A 4) E, B 5) B, D Quantity 1: Find the profit percentage on selling a Ray ban sunglass after offering a discount of 20%, if it costs Rs. 1250 and marked up by Rs. 400. Quantity 2: The profit earned by selling an article for Rs. 210 is 20% while the discount percentage allowed on the article is at the rate of 30% then find the percentage by which marked price of the article is raised above cost price? Quantity 3: What is the profit percentage earned by selling an article which costs Rs. 180 and the shopkeeper sold the article for Rs. 320? Correct Answer B, B
Quantity 1:
MP = 1250 + 400 = Rs. 1650
SP = 1650 × 0.8 = Rs. 1320
Profit % = (1320 - 1250)/1250 × 100 = 5.6%
Quantity 2:
Cost price = 210 × 100/120 = Rs. 175
Marked price = 210 × 100/70 = Rs. 300
Mark up percentage = (300 - 175/175) × 100 = 71.42%
Quantity 3:
Profit percentage = (320 - 180/180) × 100 = 77.77%
∴ B, B