Allied & ICAR Exam Bank • ALLIED_1951 MCQ • 2 Marks

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Ratios & Percentages

Question Statement:

The marked price of an instrument is 40% above its cost price. What discount percentage should the seller allow so as to realize a profit of 12%?

Options:

  • (A) 20%
  • (B) 25%
  • (C) 18%
  • (D) 15%

Answer Key:

A

Step-by-Step Solution & Explanation

$MP = 1.40 CP$, $SP = 1.12 CP$. Discount $= (1.40 - 1.12) / 1.40 = 0.28 / 1.40 = 20\%$.
← Previous (ALLIED_1950) Next (ALLIED_1952) →

Practice In Authentic CBT Exam Interface

Test your skills under authentic timed conditions with live scoring and AIR percentile ranking.

Launch CBT Mock Test