Latest GMAT Aptitude Question SOLUTION: 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 increased above the cost price by.

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(#M40156995) GMAT question percentage Keep an EYE

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 increased above the cost price by.

Asked In GMAT arun kumar (7 years ago)

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susovan das  (7 years ago)

let the printed price is 100.
he is selling 16 piece in average price of (96*15)/16=90.

so cost price is:(100*90)/135=200/3.
so in increased 100-(200/3)=100/3
so he increased 50%

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Ikbal Ahmed Laskar  (7 years ago)

Let MP be Rs 100
Hence after 4% discount, SP becomes Rs 96
Total SP for 15 articles = 96 * 15
=1440
ATQ, gains is 35%, so we can find CP for 16 articles (1 is free with 15 ) = (100/135)*1440
=1066.66
CP for 1 article then = 1066.66/16
= 66.66
So MP is increased above Cost Price = MP for 1 article - CP for 1 article
= 100 - 66.66
= Rs 33.34

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Jyoti Ramdas Mate  (7 years ago)

After Dis sp=sp-4%sp=96%sp
Profit=(sp-cp)/cp×100=36
sell 16 artical = 15sp
Total = 15sp+96%sp =211%sp
36%cp+cp=136 %
Sp = 136/211 =68/105 = 64%

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VIVEK CHOUDHARY  (6 years ago)

135*16/96*15=3/2
150%
50%extra. answer

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