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Aptitude · Q535

Percentage

Competitive Exams · Aptitude · question 535

Q535

When an article is sold at 5% discount, then there is a profit of 14%. If the discount is 11%, then what will be the profit?

A.
6.8%
Answer
B.
7.2%
C.
7.6%
D.
8.4%

Answer: Option A

Solution

Answer: Option A
Solution:
Given:
For Discount = 5%, Profit = 14%
Formula used:
Selling price = Marked price - Discount
Cost price =
Profit % =
Calculation:
Let the Marked price of the article = Rs. 100
Discount = 5% ⇒ Selling price = Rs. 95
Profit = 14% ⇒ Cost price =
Cost price =  = Rs. 83.3
For the Discount of 11%, Selling price = Rs. 89
Then Profit % =
Profit = 6.84 ≈ 6.8
Hence, the correct answer is option A.