UrbanPro
Login Ask & Answer Success Stories Paid Courses Free Classes Tuition & Classes Fees Write a Review All Categories Help Center
Post your Learning Need Signup as a Tutor
✕

Popular Cities

Bangalore

Hyderabad

Delhi

Mumbai

Chennai

Pune

Kolkata

Gurgaon

Ahmedabad

Jaipur

Noida

✕

Take CAT Coaching from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Book a Free Demo

CAT > Learn CAT Coaching > A dealer offers a cash discount of 20% and still makes...
✕

Search in

A dealer offers a cash discount of 20% and still makes a profit of 20%, when he further allows 16, articles to a dozen to a particularly sticky bargainer. How much percent above the cost price were his wares listed?

Asked by Last Modified  

2 Answers

Learn CAT Coaching

Follow 0
Answer

Please enter your answer

Let the CP of the article be Rs. x, since he earns a profit of 20%, hence SP= X + 20% of X = 1.2x. It is given that he incurs loss by selling 16 articles at the cost of 12 articles His selling price = SP - 25% of SP = SP*0.75; Hence, SP*0.75 = 1.2X. Or, SP = (1.2*x/0.75) = 1.6X. This SP is arrived...
read more
Let the CP of the article be Rs. x, since he earns a profit of 20%, hence SP= X + 20% of X = 1.2x. It is given that he incurs loss by selling 16 articles at the cost of 12 articles [loss = (16-12)/16 = 25%] His selling price = SP - 25% of SP = SP*0.75; Hence, SP*0.75 = 1.2X. Or, SP = (1.2*x/0.75) = 1.6X. This SP is arrived after giving a discount of 20% on MP. Let MP = Y. Y - 20% of Y = SP 0.80Y = 1.6X. Y = 2X. It means that the article has been marked 100% above the cost price. Or Marked Price was twice of cost price. read less
Comments
Dislike Bookmark

B.E, MBA (IIFT, New Delhi), Pursuing Ph. D. from IIT Bombay

Assuming Selling price is P and Cost price is C. The price charged for selling 16 item is equal to that of 12 items (as 16 articles are allowed for a dozen) = 12*P There is cash discount of 20% thus net amount received by the buyer = 12*P*0.8 From cost point of view, 16 items are sold = Total Cost...
read more
Assuming Selling price is P and Cost price is C. The price charged for selling 16 item is equal to that of 12 items (as 16 articles are allowed for a dozen) = 12*P There is cash discount of 20% thus net amount received by the buyer = 12*P*0.8 From cost point of view, 16 items are sold = Total Cost = 16*C Even after giving discount and free items, the seller is making 20% profit on total cost. Hence: 12*P*0.8 = 1.2*16*C On solving you get P = 2*C Thus cost (C) is double, or 100% above the selling price (P) read less
Comments
Dislike Bookmark

Related Questions

I have completed my B.Tech this year in Computer Science stream and now I'm planning to pursue my MBA. I've decided to appear for MAT and CAT exam. Is it possible for me to crack by studying for 3 months?.
Dear Sambit, Yes, MAT exam can be easily cracked. However, for CAT, it is difficult but not impossible. Plan and strategize and implement. If you are focussing full time for the next three months and practice...
Sambit
0 0
6
I am in the 2nd year of my Chemical engineering studies. I scored in 87% in the 10th std, but my 12th score is below 50%. So, would I be able to fulfil the CAT exam's eligibility criteria?
There are two things over here - You are eligible to write the exam as it is the Common Aptitude Test, not just for IIMs. Nobody can stop you from giving the exam. You will not get a call from any IIMs...
Bhautik

My 10th score is 93.2, 12th is 75.4, and my graduation CGPA is 8.9. Will my low 12th score be a bummer to get admission to top IIMs?

PS. General Male Engineer

Hi Ashish, Although your 12th percentage is lower than the other degree, it is not low enough to create a hindrance to your IIMs Aspiration. You should keep in mind the following points- 1. Give your best...
Ashish
I am graduating this year. Also, I've appeared for CAT 2018. I scored 85.5 percentile (90+ percentile both in VA/RC and DI/LR but only 33 percentile in QA). I'll appear this year too. What should be my preparation strategy for QA? Also, my academic background isn't impressive. I am first division though, maintaining 65% right since class 12th, had 92% in 10th class. I'm pursuing a BA in polity, geo and eco. What are the skills I should work on to build a good MBA profile? Thanks in anticipation.
Forget about profile. Just try getting as high a percentile as possible in CAT. Written +GD/PI/WAT form the major chunk of the selection process in any top b school.
Sajal
0 0
5

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

SSC CGL PROBABLE QUESTIONS OF NUMBER SYSTEM
Q. Arrange P,Q and R in order : P=223/222*224, Q=224/223*225 R=1/224 in such questions, if you try to solve normally then its difficult to solve in 5 seconds. Whenever you see such type of...

Siddharta Logic

1 0
0
Permutation and Combination
Fundamental Principle of Counting/Multiplication rule Q1) How many numbers greater than 999 but not greater than 5000 be formed using the digits 0,1,2,3,4 and 5 if (a) repetition of digits is allowed...

Atul M.

Use of "S" and "Of" in English
Hello, candidates due to growing competitions nowadays English is like maths so the things in English should be logical. Here we are going to see proper use of "s" and 'of' in case of possession. Rule1-...

Siddharta Logic

0 0
0
Tricks in Maths
Hi everyone here I am going to solve a fundamental question related to quant the answer of which probably most of you know, but the method is critical that applies to other topics like time and distance,...

Siddharta Logic

3 0
1
Company Accounts - Preparation of Financial Statements
What are the Statutory Provisions relating to the Transfer of Profits to Reserves? Answer: As per companies Act, 2013 there is no requirement of minimum transfer of profits to reserves. The company...

FR Prashanth Reddy

4 0
0

Recommended Articles

Expert views on key pattern changes in CAT...

An exclusive interview with CAT coaching expert Mr. Nirav Rawell, Business Head, IMS Bangalore, on how to tackle the new CAT exam pattern. Learn the insights, useful tips, strategies and his views on CAT, and stand a chance to score better. About IMS: IMS Learning Resources Pvt Ltd. is India’s one of the oldest and...

Read full article >

Dos and Don’ts of CAT Quantitative Aptitude...

The Quant section happens to be one of the most dreaded sections for CAT aspirants. The general notion among students is - Quantitative section is really difficult to crack. However, this is not the real case. With proper preparation and following some time-tested strategies, cracking the Quant section in CAT is quite plausible....

Read full article >

CAT vs GMAT: Which one is right for you?

Almost every MBA aspirant would know that the CAT is a mandatory requirement for admissions into the IIMs and several other MBA institutions in India. However, if a candidate is planning to pursue an MBA from abroad, the GMAT is the requisite. Some of the business schools (B-schools) in India which consider CAT scores might...

Read full article >

Expert’s Review on CAT 2014 Exam Pattern...

On 26th November, 2014, we interviewed Mr. Gautam Puri, Vice Chairman & MD, CL Educate Ltd. (a CAT Subject Matter expert) and discussed the CAT 2014 question patterns and level of difficulty and get useful tips for 2015. Given below is the transcript of the interview. CL Educate Ltd.: CL Educate Ltd is Asia’s one...

Read full article >

Find CAT Coaching near you
CAT Coaching in Mumbai
CAT Coaching in Delhi
CAT Coaching in Kolkata
CAT Coaching in Bangalore
CAT Coaching in Ahmedabad
CAT Coaching in Chennai
CAT Coaching in Pune
CAT Coaching in Hyderabad
CAT Coaching in Gurgaon
CAT Coaching in Chandigarh

Looking for CAT Coaching ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for CAT Coaching Classes?

The best tutors for CAT Coaching Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take CAT Coaching with the Best Tutors

The best Tutors for CAT Coaching Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more

ThinkVidya Learning Pvt Ltd © 2010-2025All Rights Reserved