Question

    The original cost of a wheat flour bag is Rs. 3420. It

    is labeled with a percentage increase above its cost, denoted by 'p%', and then sold with a discount of Rs. 513. This selling process results in a profit of 30%. Determine the value of 'p'.
    A 45 Correct Answer Incorrect Answer
    B 65 Correct Answer Incorrect Answer
    C 25 Correct Answer Incorrect Answer
    D 60 Correct Answer Incorrect Answer

    Solution

    ATQ, Selling price of the Wheat flour bag = 1.3 × 3420 = Rs.4446 Therefore, marked price of the Wheat flour bag = 4446 + 513 = Rs. 4959 Therefore, percentage by which Wheat flour bag is marked above its cost price  = {(4959 – 3420)/3420} × 100 = 45% Therefore, p = 45

    Practice Next
    More Percentage Questions

    Relevant for Exams:

    ask-question