GRE Exam Numerical Ability Profit and Loss

A shopkeeper marks his goods at 20% profit and gives a discount of 5%. Which of the following is/are true?
A. He gained 15%
B. He suffered a loss in the transaction
C. He gained 14%
D. If the cost price was Rs.200, the selling price after the discount was Rs. 228

Read Solution (Total 2)

Marked price = 1.2x
Discounted price = 0.95 * 1.2x = 1.14x
So the profit is = (1.14x - x) / x * 100 = 0.14 * 100 = 14% profit
5 years agoHelpfull: Yes(3) No(0)

IF the shopkeeper gains 20% profit after giving a discount of 5% he eventually il get a profit of 15%,
The answer is A because
1. he won't suffer a loss in the transaction as he is already in 15% profit, So B is not true
2. He will gain 15% profit as 20-5 = 15% so option c is not true
3. If cp is 200rs, the selling price will be 230 rs as 200*115/100 = 230

So mostly answer is A.
5 years agoHelpfull: Yes(0) No(4)

GRE Other Question

A and B can do a piece of work in 24 days, B and C can do it in 30 days and C and A can do it in 40 days. Which of the following statements is true? Indicate all correct options.
A. A takes 40 days to do the work
B. B takes 40 days to do the work
C. C takes 120 days to do the work
D. B takes 120 days to do the work
E. C takes 60 days to do the work A watch shows the correct time at 12 noon. It loses 30 minutes every hour after that. Which of the following statements is true?
A. It shows 12:30 p.m. at 1 a.m.
B. It shows 12:30 p.m. at 1 p.m.
C. It shows 2 p.m. at 5 p.m.
D. It shows 2 p.m. at 4 p.m.
E. It shows 1 p.m. at 2 p.m