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Profit, Loss & Discount · Question 44 of 72

Question 44

MediumOriginal question

A shopkeeper wants a profit of 20% after giving a discount of 25%. By what percentage above cost should he mark his goods?

Options for question 44

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. Take CP = ₹100, so required SP = ₹120.

  2. SP = 75% of MP, so MP = 120÷0.75120 \div 0.75 = ₹160.

  3. MP is 60% above CP.

Worth noting

Adding 20%+25%=45%20\% + 25\% = 45\% is the trap. The discount is taken on the MP, which is bigger than the CP.

Concept
Markup % needed for a target profit
Typical time
60 s
Your time
—
The rule this testsMarked price and discount
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