Latest iGate Aptitude Question SOLUTION: Rama bought goods at a discount of 20% of list price.He marks them at a price as search he can give discount of 20% on a marked price and still makes the profit of 20% on selling p

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(#M40035109) IGATE Numerical Ability question profit and loss Keep an EYE

Rama bought goods at a discount of 20% of list price.He marks them at a price as search he can give discount of 20% on a marked price and still makes the profit of 20% on selling price.What percent of list price is the marked price
a)100%
b)175%
c)125%
d)180%

Asked In iGate Sowmya Vagicherla (10 years ago)

Solved Inder Read Solution (5)

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Inder  (10 years ago)

125 %

If marked price is Rs 100/-
Selling price = Rs 80/-
Profit = 80*0.2= Rs 16
CP= Rs 64
List price = 64*100/80 = Rs 80
so marked price is 100*100/80 = 125%

Is this solution Helpfull? Yes (4) | No (7)  

srividya  (10 years ago)

@inder..But he wants to get the profit of 20%.in your caluculation it is a loss.

Is this solution Helpfull? Yes (3) | No (2)  

sindhu  (10 years ago)

cp=80x/100
price=80*100/100=80
sp=120*cp/100
120*80x/100=24x/25
gain=24x/25-800x/100=4x/25
profit=20=4x/25=125
ans=125%(c)

Is this solution Helpfull? Yes (3) | No   

V KRISHNA CHAITHANYA  (8 years ago)

very clear explanation step by step:
s.p=80/100(m.p); equation-1

c.p=80/100(s.p); //as 20% profit on s.p ie--.80%(s.p)=c.p; equation-2

substitute s.p from eq(1) to eq(2);
then we get

c,p=80/100 [80/100(m.p]; equation 3
but we have c.p=80/100(list.price); equation 4

eq 3=eq 4. //as both are c.ps and here we get relation between list price and marked price.
we get

80/100(m.p)=l.p;
l.p=100/80(m.p);
l.p=1.25(m.p); //as answer needs to be in percent.multiply by 100 which gives 125.
so,answer is (c)125

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kalpana gupta  (8 years ago)

please provide correct answer

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