Quantitative Aptitude • Percentage, Profit & LossHard
A trader marks goods 60% above the cost price and then gives a discount of 25% on the marked price. What is the overall result?
A. 22% loss
B. 20% profit✓ Correct Answer
C. 25% profit
D. 35% profit
💡 Solution & Explanation
Take the cost price as 100. The marked price is 160. A 25% discount on 160 is 40, so the selling price is 120. Compared with the cost of 100, that is 20% profit. Subtracting the percentages (60 − 25 = 35) is a common mistake, because the discount is on the higher marked price.
More Quantitative Aptitude Percentage, Profit & Loss questions
- 435 is what percent of 2,900?
- The price of milk rises by 60%. By what percentage must a family reduce its consumption so that its spending…
- A trader sells goods at the cost price but uses an 800 g weight in place of a 1 kg weight. What is the gain…
- A vendor buys a school bag for ₹1,000 and sells it for ₹1,100. What is the profit percentage?
- A trader marks goods 30% above the cost price and then gives a discount of 10% on the marked price. What is…