• Placement Papers
• /
• Elitmus
• /
• Numerical Ability
• /
• Profit and Loss

Elitmus Question Papers:

(#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)

Is this Puzzle helpful?   (28)   (11) Submit Your Solution Profit and Loss

Read Solution (8) :

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

Is this solution Helpfull? Yes (2) | No   

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

Is this solution Helpfull? Yes | No   

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

Is this solution Helpfull? Yes | No   

Please Login to Read Solution.