Latest GRE Aptitude Question SOLUTION: a trader marks his goods 25% above cost price he sells 2/3 of his goods on cash [payment and rest on credit.if he gives 10% discount on cash purchases and 4% on credit find his tot

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(#M40012847) GRE Numerical Ability question Keep an EYE

a trader marks his goods 25% above cost price he sells 2/3 of his goods on cash [payment and rest on credit.if he gives 10% discount on cash purchases and 4% on credit find his total percentage gain?

Asked In GRE ratna (11 years ago)

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rahul singh  (11 years ago)

cp=100
mp=125
ans 15%

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Sourav  (11 years ago)

CP=100,
MP=125
for cash payment,SP= 125-(10/100)*125=112.5
thus SP of 2 goods=2*112.5
for credits,SP=125-(4/100)*125=120
thus SP of 1 goods=120
therefore SP of 3 goods=Rs(112.5*2 +120)= Rs345
CP of 3 goods=Rs125*#=Rs375
hence loss=Rs(375-345)= Rs30
therefore loss %= 30/375*100= 8%

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rajapaul  (11 years ago)

cost priceabove 25 % =125
2/3 of his goods on cash 10% discount=112.50+112.50
1/3 of his goods on credit 4% discount=120
total per gain=112.50+112.50+120
375-345=30/125*100=24
24% gain

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  (4 years ago)

let the cost price of one item is x
then the price that the trader marks is x+(25/100)x=1.25x
for cash payments, 1.25x -(10/100)1.25x =1.125x
for credit payments, 1.25x-(4/100)1.25x=1.2x
Total selling price= 2/3*(1.125x)+ 1/3*(1.2x)=1.15x
profit percentage=(1.15x-x/x)*100=15%

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