Latest GRE Aptitude Question SOLUTION: a trader buy goods at 19% discount on the label price if he wants to make a profit of 20% after allowing a discount of 10% by what % should his marked price be greater than the ori

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(#M40012848) GRE Numerical Ability question Keep an EYE

a trader buy goods at 19% discount on the label price if he wants to make a profit of 20% after allowing a discount of 10% by what % should his marked price be greater than the original label price?

Asked In GRE ratna (11 years ago)

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dragon  (11 years ago)

Let the label price be = Rs.100. The trader buys at a discount of 19%.
Hence, his cost = 100 - 19 = 81.

He wants to make a profit of 20%. Hence his selling price = 1.2 (81) = 97.2

However, he wants to get this Rs.97.2 after providing for a discount of 10%. i.e. he will be selling at 90% of his marked price.
Hence, his marked price M = = 108 which is 8% more than the original label price.

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kavita dalmia  (11 years ago)

CP= .81 CP
SP= 1.20 CP
SP=.90 MP
solve and get MP= 1.08 LP ie 8 %

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