Latest Infosys Aptitude Question SOLUTION: A shopkeeper purchased an article at 20% discount on list price, he marked up his article in such a way that after selling the article at 20% discount, he gained 20% on SP. what %

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

Infosys Question Papers: Infosys Interview Experience(10) INFOSYS Company Profile

(#M40032463) INFOSYS Numerical Ability question p%l Keep an EYE

A shopkeeper purchased an article at 20% discount on list price, he marked up his article in such a way that after selling the article at 20% discount, he gained 20% on SP. what % is SP of the list price?

Asked In Infosys SHIVA KUMAR (10 years ago)

Solved jalpan Read Solution (8)

Is this Puzzle helpful?   (34)   (17) Submit Your Solution Profit and Loss

Read Solution (8) :

Mohammed Junaid  (10 years ago)

Let L.P = 100 ==> C.P = 80. He gains 20% on S.P ==> S.P = 96.

Is this solution Helpfull? Yes (27) | No (2)  

jalpan  (10 years ago)

ans. is 96%.
so how..
let, list price be x.

-->first, SP= 80% of list price. //for discount of 20%.
SP=80/100*x = 4/5*x.
-->second, as said gained 20% on SP, so 120% of SP.
120/100*SP = 120/100*4/5*x = 24/25*x.
-->third, % is SP of the list price.
so, (24/25*x*100)% = 96%.

Is this solution Helpfull? Yes (6) | No (2)  

swapnika  (10 years ago)

let us take list price =x
cp=80%(x)
sp=120%(80%)x
then it is 96%

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

jitendra kumar  (10 years ago)

SP is 96% of initial list price and 80% of new marked price

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

umang agarwal  (10 years ago)

66.67% of the list price.
Let list price is x
So he sold it at 80x/100
Let sp is y
120y/100 = 80x/100
Y = 2x/3
2x/3x ×100 = 66.67%

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

M J SHIVAYOGI  (7 years ago)

Let the list price be Rs 100/-. Then the shopkeeper purchases it at a discount of 20%, i.e., 100- 20= 80/-
Hence Rs 80 will be the Cost Price (C P) for the shopkeeper. Now he marks up the article's price in such a way that even after giving 20% discount he still makes a profit of 20% on the new selling price.
S.P = C.P + Profit + Discount
S.P= C.P + 20% of S.P + 20% of S P
S.P = C.P + 40% of S.P
S.P - 40% of S.P = C.P
60% of S.P = C.P
60/100 S.P= C.P
S.P= 80/0.6 = Rs 133.34
% of SP to list price= 133.34/ 100 = 133.34.%
(Verification:- SP= 133.34, discount 20% of SP=133.34 * 20/100 = Rs 26.66
New selling price= 133.34-26.66 = 106.68
Profit = New SP - C P = 106.68 - 80 = 26.68/-
%profit on marked up selling price = profit/ marked SP = 26.68/133.34 * 100 = 20% )

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

Anjali Nitin Lathiya  (10 years ago)

anybody who appeared for the test on 18th January and 25th January? I am appearing on 2nd Feb but I heard there are no questions on quant. Please update.

Is this solution Helpfull? Yes | No (3)  

Hrishikesh Bhaskar  (8 years ago)

let l.p=x, c.p=0.8x. s.p=y
profit% on s.p
0.2=(y-0.8x)/y
y/x=1
y/x %=100

Is this solution Helpfull? Yes | No (2)  

Please Login to Read Solution.