New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    An item is initially marked up by

    20%, followed by a 10% discount, and sold for Rs. 756. If the goal is to achieve double the profit % of the previous transaction while offering a 20% discount, what should the new markup % be?
    A 45% Correct Answer Incorrect Answer
    B 28% Correct Answer Incorrect Answer
    C 40% Correct Answer Incorrect Answer
    D 25% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of the item be Rs. ‘a’. Therefore, 1.2 × 0.9a = 756 Or, 1.08a = 756 Or, a = 756/1.08 = Rs. 700 Profit % = {(756 – 700)/700} × 100 = 8% In second case, Selling price = 1.16 × 700 = Rs. 812 Marked price of the item = 812/0.80 = Rs. 1015 Required % = {(1015 – 700)/700} × 100 = 45%

    Practice Next

    Relevant for Exams: