Question Bank • QB_GA_082 NAT • 2 Marks

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Ratios & Percentages

Question Statement:

An article is sold at a discount of $20\%$ on its marked price, still making a profit of $20\%$. If the cost price of the article is Rs. $500$, calculate the marked price in Rupees.

Answer Key:

750

Step-by-Step Solution & Explanation

Cost Price $CP = 500$. Selling Price with $20\%$ profit: $SP = 500 \times 1.20 = 600\text{ Rs}$ Let marked price be $MP$. Since discount is $20\%$: $SP = MP \times (1 - 0.20) = 0.80 MP$ $0.80 MP = 600 \implies MP = \frac{600}{0.80} = 750\text{ Rs}$
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