Latest Elitmus Aptitude Question SOLUTION: the selling price of an article is 20% less than its marked price and cost price of the same article is 20% less than its selling price.by what percentage above cost price is the m

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(#M40158172) ELITMUS Numerical Ability question Keep an EYE

the selling price of an article is 20% less than its marked price and cost price of the same article is 20% less than its selling price.by what percentage above cost price is the marked price of the atricle fixed?

Asked In Elitmus Sniper (7 years ago)

Unsolved Read Solution (8)

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CHANDAN SHAW  (7 years ago)

let marked price =100
then selling price is 20% less then of marked price = 100 - 100 * (20/100) = 80
cost price is less then 20% of selling price = 80 - 80 * (20/100) = 64
100 is x% of 64
64 * (x/100)= 100
=> x = (100 *100) /64 = 156.25
so marked price is = 156.25 -100 = 56.25 % above then cost price.

Is this solution Helpfull? Yes (13) | No   

ananda  (7 years ago)

let sp=100,
then cp will be cp=80,
and for sp it must be 20% less then mp,
hence mp=125,
so
cp------sp------mp
80 100 125

now percentage above cost price=
(sp-cp)/cp *100=
125-85/100=45/80*100=56.25(ans)

Is this solution Helpfull? Yes (9) | No   

RAJ  (7 years ago)

let MP=100
then SP=80 (20%less)
CP=64 (20% less then CP)
100/64*100=131.25%
hence MP is 31.25% above CP

Is this solution Helpfull? Yes (7) | No (11)  

kannan  (7 years ago)

Let MP=100
sp is 20% less than MP so sp=80
Cp 20% less than SP so CP=64
(100-64/64)*100=(36/64)*100=56.25

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saurabh kumar  (7 years ago)

let marked price is 100% then selling price is 80%
hence cost price of the article is 60%.
then percentage above cost price to the marked price is 40%

Is this solution Helpfull? Yes (1) | No (4)  

Amit rawat  (7 years ago)

Cp=80%of sp
Cp/sp=80/100=4/5
Condition 2nd implies
Sp=80%of mp
Sp/mp=4/5
To make sp ratio same we can get the
relationship between mp and cp
i.e cp:sp:mp=16:20:25
Compute it and find the answer

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Aseem  (7 years ago)

let MP=100
THEN SP= 80
THEN CP= 64

therefore
precentage above cost = (100/64)*100 - 100
= 156.25-100
=56.25% (answer)

Is this solution Helpfull? Yes | No (1)  

Rajesh Chordia  (7 years ago)

56.25%
m.r.p=y
s.p=0.8 y
c.p=0.64 y
percentage=(1.0-0.64)/0.64

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