Latest IBM Aptitude Question SOLUTION: A shopkeeper gives two successive discounts of 10% and 20% on the marked price of 5000 of a bycle, he had to give a further discount equal to 20% of his cost price on his new selli

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(#M40159414) IBM Numerical Ability question Profit and loss Keep an EYE

A shopkeeper gives two successive discounts of 10% and 20% on the marked price of 5000 of a bycle, he
had to give a further discount equal to 20% of his cost price on his new selling price, as a result of which he
made neither a profit nor a loss. Find the cost price of the bycle

Asked In IBM mamatesh (7 years ago)

Unsolved Read Solution (11)

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Read Solution (11) :

swati sharma  (7 years ago)

This is the way I have worked out..
10% Discount on S(Selling Price) so Price is 90% of S
Again 20% Discount on Above so now price is 80% of 90% of S = 72% of S

Now, Further Discount is in term of C(Cost Price) so 20% of C.

Now 72% of S - 20% of C = C (since he made no profit no loss)
so 72% of S = 1200% of C
so Cost Price = (72/120)* S
but S = 5000
So by substituting you get 3000

Is this solution Helpfull? Yes (34) | No (8)  

sravani  (7 years ago)

friends i am sravani can any one send me the IBM all previous papers including business communication skills pleasenmy mail id is sravanir878@gmail.com

Is this solution Helpfull? Yes (16) | No (13)  

PRARTHANA JANA  (6 years ago)

Net discount after two successive discount= (10+20)-(10*20)/100=28%
So new selling price = (100-28)% of S=72% of S

Now, further discount on cost price= 20% C

as the shopkeeper made no profit and loss,

72% of S- 20% of C = 100% of C
or, 72% of S = 120% C
or, C = (72/120)* 5000

or, C = 3000

Is this solution Helpfull? Yes (11) | No   

Niharika miryala  (6 years ago)

3000 is the answer

Is this solution Helpfull? Yes (6) | No (1)  

mayank  (6 years ago)

72%of s - 20%of c = c
72%s =120%c
s=5000
72%of 5000=120%of c
3600=120/100 *c
c=3000

Is this solution Helpfull? Yes (5) | No   

Abhishek Jaiswal  (6 years ago)

10% 5000=500, 20% 4500=900, sp=3600, So, x+(x/5)=3600,
x=3000 ANS

Is this solution Helpfull? Yes (4) | No (2)  

kotiratnam kasireddy  (7 years ago)

friends my name is ratnam can any one send me the IBM all previous papers including business communication skills please send me this is my mail id is ratnam.bapathu@gmail.com

Is this solution Helpfull? Yes | No (9)  

DINESH DEWANGAN  (7 years ago)

pls anyone send me ibm gts que. on dinudew20@gmail.com

Is this solution Helpfull? Yes | No (2)  

sravani  (7 years ago)

how u got the 1200%

Is this solution Helpfull? Yes | No (3)  

Kein Man  (6 years ago)

The answer should be 2000:

market price = p = 5000
cost price = c
1) first-round discounts = 10% + 20% = 0.9*0.8 = 0.72 ==>
the price after first-round discounts = 0.72*p = 0.72 * 5000 = 3600 = p'
2) the second-round discount is 20% of the cost price = 0.8*c ==>
the price after the second-discount = p'- 0.8*c = 0.72*p - 0.8*c
Now neither profit, nor loss: final price (after the second-round discount) = cost price ==>
0.72*p - 0.8*c = c ==>
0.72*5000 - 0.8*c = c ==> 3600 = 1.8*c ==>
c = 2000

Is this solution Helpfull? Yes | No (3)  

Yash Pandey  (5 years ago)

SP after successive discount =5000*0.9*0.8=3600.

therefore CP=SP/1+0.2=3600/1.2=3000

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