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Profit, Loss & Discount · Question 46 of 72

Question 46

MediumOriginal question

The cost price and marked price of a kettle are in the ratio 5:75 : 7. The shop gives a discount of 10%. What is the profit percentage?

Options for question 46

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. Take CP = ₹500 and MP = ₹700.

  2. SP = 90% of ₹700 = ₹630.

  3. Profit % = 130500×100=26%\frac{130}{500} \times 100 = 26\%.

Worth noting

40% is the markup, and 40%−10%=30%40\% - 10\% = 30\% forgets that the discount is on the MP.

Concept
Profit % from a CP : MP ratio
Typical time
55 s
Your time
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The rule this testsMarked price and discount
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