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UPSSSC PETQuestion 9 of 12 · Profit, Loss & Discount
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UPSSSC PET 2023 (29 Oct Shift 1)

Directions

Study the following table chart carefully and answer the questions given below : This following table is related to profit and loss and some values are missing. All the discounts are on the Marked Price and the profit are on Cost Price. figure

The ratio of discount % and profit % of the T-shirt is 7 : 5. Find the approximate Cost Price of T-shirt.

Answer View answer ▾

Answer: Option A — ₹ 2,248

Detailed Solution

1

The discount is 14%, so profit % % and Selling Price .

2

Cost Price , about ₹ 2,248.

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Profit, Loss & Discount — UPSSSC PET Preparation

This question tests your understanding of Profit, Loss & Discount, a key topic in the UPSSSC PET Quantitative Aptitude section. The detailed solution above uses a step-by-step approach to show the reasoning, and where available, a shortcut that helps you solve similar questions in under 90 seconds during the actual exam.

Profit and loss questions deal with buying and selling: cost price, selling price, marked price, profit or loss percentage, and discounts. Profit or loss percentage is always calculated on the cost price, while discount percentage is calculated on the marked price, and mixing these up is the most common mistake. Questions test successive discounts, dishonest dealers using false weights, selling two articles at the same price with one at a profit and one at a loss, marking up goods and then offering a discount, and finding the cost price from given conditions. Converting percentages to fractions makes most of these questions quick. For example, a 25% profit means SP = 5/4 of CP. Practise the profit, loss and discount questions below. Each has a step-by-step solution and a fraction-based shortcut where it helps.

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