Question
Download Solution PDFA shopkeeper marks the price of an article 10% more than the cost price. After allowing discount, he earns 5% profit. The discount percentage is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Marked price = 110% of Cost price
Selling price= 105% of Cost price
Formula used:
Discount % = Discount×100/Marked price
Calculation:
Let the CP be Rs. 100.
Then, the MP will be Rs.110
The SP is Rs. 100 + 5% of 100 = 105
Now, Discount percentage
= Discount × 100/MP
= (110 - 105)×100/110
= 500/110
= 50/11
= 4.54%
∴ The Required discount percentage value is 4.54%.
Shortcut Trick
P = MP - D - MP × D/100
Where, P = Profit, D = Discount
⇒ 5 = 10 - D - 10D/100
⇒ -5 = - D - 10D/100
⇒ D = 50/11 = 4.54%
∴ The Required discount percentage value is 4.54%.
Last updated on Jul 8, 2025
-> The Staff Selection Commission released the SSC GD 2025 Answer Key on 26th June 2025 on the official website.
-> The SSC GD Notification 2026 will be released in October 2025 and the exam will be scheduled in the month of January and February 2026.
-> Now the total number of vacancy is 53,690. Previously, SSC GD 2025 Notification was released for 39481 Vacancies.
-> The selection process includes CBT, PET/PST, Medical Examination, and Document Verification.
-> The candidates who will be appearing for the 2026 cycle in the exam must attempt the SSC GD Constable Previous Year Papers. Also, attempt SSC GD Constable Mock Tests.