LIVE Course for free

Rated by 1 million+ students
Get app now
0 votes
39 views
in Aptitude by (54.3k points)
closed by

The cost price of a bag is 72% of its marked price. A discount of 46% is given on it. The loss percentage on a toy is equal to the profit percentage of the bag. If the toy was given a discount of 11.11% and a loss of Rs. 20 was incurred, what is the marked price of the toy?


1. Rs. 60
2. Rs. 67.5
3. Rs. 50
4. Rs. 55

1 Answer

0 votes
by (30.0k points)
selected by
 
Best answer
Correct Answer - Option 2 : Rs. 67.5

Given:

The cost price of a bag is 72% of its marked price.

A discount of 46% is given on it.

The loss percentage on a toy is equal to the profit percentage of the bag.

The toy was given a discount of 11.11% and a loss of Rs. 20 was incurred.

Formula used:

Profit or Gain = Selling price – Cost Price

Loss = Cost Price – Selling Price

Profit percentage = (Profit/Cost Price) x 100

Loss percentage = (Loss/Cost price) x 100

Calculation:

Let the CP and MP of the bag be Rs. 72x and Rs. 100x respectively.

Then, SP = Rs. {(100 – 46)% of 100x} = Rs. 54x

Loss percentage = {(72-54)/72}100

⇒ (18/72)100

⇒ 25%

Loss percentage on the toy = 25% ≡ Rs. 20

Hence, the CP of the toy is Rs. 80

SP = Rs. (80 – 20) = Rs. 60

MP = Rs. {60(9/8)} = Rs. 67.5

∴ MP of the toy is Rs. 67.5

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...