Latest SSC Aptitude Question SOLUTION: While selling, a businessman allows 40% discount on the marked price and there is a loss of 30%. If it is sold at the marked price, profit per cent will be

300/7 OR 42.85
TAKING MP=100
THEN SP=60 & CP=70

Market Price = 100 (Without any discount, Regular Price)
Selling Price = 60 (By allowing 40 percent discount)
Cost Price = ?? (Yes, their is 30 percent loss on cost price)
________________________________________________________________________
________________________________________________________________________
Their is 30 percent loss on cost price means our selling price ( = 60 )
is 70 percent value of our cost price...
here its selling price is 30 percent less than cost prize...OK !!

as I told selling price is 60 which is actually 70 percent of cost price coz their is 30 percent loss.

percent value prize
70 ----------- 60
100 ---------- ??

so here 100 * 60
______________ = 85.71 = Cost Price
70
-------------------------
|** Cost Price = 85.71 ** | [If we can afford 30 percent loss then we can sell
------------------------- it for 60 = selling price = which is also 40
percent discount on market price as well !! ]

And here required answer is like ...
selling of it with Market price = 100
& Cost price = 85.71

so Market Price - Cost Price = 100 - 85.71 = 14.29 ( Amount of benefit )
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Precisely & without forgetting anything please do remember that here we asked to find percent value of benefit for selling of cost price to market price :D

If we sell 85.71 cost price value to 100 market price then benefit amount = 14.29

85.71 14.29
100 ??

100 * 14.29
_________________ = 16.67 percent profit :)
85.71