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SSC MTS 2024 · PYQ · Profit and Loss · medium

The marked price of an article is ₹1,680 and it is sold at a discount of 19%. If there is a gain of 8%, then by what percentage above the cost price was the article marked?

Answer

The correct answer is A: 32(1/3)%. SP = 1680×81/100 = ₹1360.8. CP = 1360.8×100/108 = ₹1260.

  1. A.32(1/3)%✓ Correct
  2. B.31(1/3)%
  3. C.35(1/3)%
  4. D.33(1/3)%

Explanation

SP = 1680×81/100 = ₹1360.8. CP = 1360.8×100/108 = ₹1260. Required % = (1680−1260)/1260 × 100 = 420/1260 × 100 = 33(1/3)%. The correct answer is (d) 33(1/3)%.
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