Allied & ICAR Exam Bank • ALLIED_2544 NAT • 2 Marks

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Ratios & Percentages

Question Statement:

A dealer sells an item at 20% discount on its marked price and incurs a loss of 10%. By what percentage was the marked price above the cost price? (Round to one decimal place)

Answer Key:

12.5

Step-by-Step Solution & Explanation

$SP = 0.80 MP = 0.90 CP \implies MP / CP = 0.90 / 0.80 = 1.125$. Markup $= 12.5\%$.
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