Question 7

Even after reducing the marked price of an item, by Rs. 32, a shopkeeper makes a profit of 15%. If the cost price is Rs. 320, what percentage of profit would he have made, if he had sold the item at the marked price?

Solution

Share

Cost Price = 320 and he earned a profit of 15% which makes the Selling Price = 1.15*320 ==> 368.
This Selling Price is attained by giving a discount of 32 on the Marked Price which gives:
Marked Price = 368 + 32 = 400.
Profit earned after he sold it at Marked Price = $$\frac{400-320}{320\ }\times\ 100\ =\ 25\%$$.

Get AI Help

Video Solution

video
View More Questions From Profit, Loss, and Interest

Create a FREE account and get:

  • All Quant Formulas and shortcuts PDF
  • 40+ previous papers with detau solutions PDF
  • Top 500 MBA exam Solved Questions for Free

CMAT Quant Questions | CMAT Quantitative Ability

CMAT Averages, Ratio and Proportion QuestionsCMAT PGDBA Calculus QuestionsCMAT Functions, Graphs and Statistics QuestionsCMAT Inequalities QuestionsCMAT Data Sufficiency Questions

CMAT DILR Questions | LRDI Questions For CMAT

CMAT Data Interpretation QuestionsCMAT Charts QuestionsCMAT Arrangement QuestionsCMAT Set Theory QuestionsCMAT Logical Reasoning Questions

CMAT Verbal Ability Questions | VARC Questions For CMAT

CMAT Vocabulary QuestionsCMAT Para Jumbles QuestionsCMAT Reading Comprehension QuestionsCMAT Grammar and Sentence Correction QuestionsCMAT Critical Reasoning Questions

Free CMAT Quant Questions

CMAT Data SufficiencyCMAT GeometryCMAT Profit and LossCMAT Linear EquationsCMAT Time, Speed and DistanceCMAT Progressions and SeriesCMAT Quadratic EquationsCMAT Averages, Ratio and ProportionCMAT Functions, Graphs and StatisticsCMAT Logarithms, Surds and IndicesCMAT Probability, CombinatoricsCMAT PGDBA CalculusCMAT InequalitiesCMAT Venn DiagramsCMAT Number Systems

Book Free CAT Mentorship

Get personalized CAT strategy from a 99%iler

500+ students mentored
CAT mentor

Join CAT 2026 course by 5-Time CAT 100%iler

Start your IIM journey with the right preparation and crack CAT 2026.

Enroll Now
Ask AI