Question
Quantitative Aptitude Question on Percentage
A tradesman gives 4% discount on the marked price and gives 1 article free for buying every 15 articles and thus gains 35%. The marked price is above the cost price by
A
40%
B
39%
C
20%
D
50%
Answer
50%
Explanation
Solution
C.P of 16 articles =100×16=Rs1600
Tradesman earn 35% profit
Then S.P pf 15 articles =(100135)×1600=Rs2160
S.P of each article = Rs.
4% of discount means:
If S.P is 96, then marked price = 100Rs.
If S.P is 144, then marked price =(46100)×144=Rs150
∴ Marked price is 50% above the cost price.
The correct option is (D): 50%