Allied & ICAR Exam Bank • ALLIED_1633 MCQ • 1 Mark

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Ratios & Percentages

Question Statement:

A merchant marks his goods at such a price that after allowing a discount of 12.5%, he makes a profit of 14%. If the cost price is Rs 350, the marked price is:

Options:

  • (A) Rs 456
  • (B) Rs 440
  • (C) Rs 460
  • (D) Rs 450

Answer Key:

A

Step-by-Step Solution & Explanation

$SP = 350 \times 1.14 = 399$. $MP = 399 / (1 - 0.125) = 399 / 0.875 = 456$ rupees.
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