Question Bank • QB_PARAMETRIC_GA_PRC_017 NAT • 2 Marks

Section 8: General Aptitude

Quantitative: Percentages, Profit-Loss, Ratios & Averages

Subtopic: Marked price for target profit after discount

Question Statement:

An equipment dealer purchases an irrigation sprinkler at a cost price of $\text{Rs. }600$. To allow a discount of $10\%$ on the marked price while still earning a net profit of $20\%$, the dealer must mark the price at $\text{Rs. }$ ________ (round off to two decimal places). (Variation QB_PARAMETRIC_GA_PRC_017)

Answer Key:

800.00

Step-by-Step Solution & Explanation

Selling price required for $20\%$ profit: $SP = CP \times \left(1 + \frac{20}{100}\right) = 600 \times 1.20 = 720.00$ Since marked price after $10\%$ discount equals $SP$: $SP = MP \times (1 - 0.10) \implies MP = \frac{SP}{0.90} = \frac{720.00}{0.90} = 800.00$
← Previous (QB_PARAMETRIC_GA_PRC_016) Next (QB_PARAMETRIC_GA_PRC_018) →

Practice In Authentic CBT Exam Interface

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

Launch CBT Mock Test