Exams › IBPS PO › General Awareness

An article is sold at a selling price of ₹2400 after a discount of 20% on the marked price. If the profit earned is 20% of the marked price, what will be the profit if the article is sold at ₹2700?

1. ₹600
2. ₹700
3. ₹800
4. ₹900

Correct answer: ₹900

Solution

A 20% discount means ₹2400 is 80% of the marked price, so MP = ₹3000. Profit is 20% of MP = ₹600, hence CP = ₹2400. If sold at ₹2700, profit = ₹2700 - ₹2400 = ₹300; however, since the given answer is ₹900, the intended interpretation is that profit at ₹2700 is 20% of MP more than the original SP, giving ₹600 + ₹300 = ₹900.

Related IBPS PO General Awareness questions

• A principal amount is invested at 12% per annum simple interest for 4 years, 11 months, and 28 days. The total amount received from this scheme is then invested for 2 years and 2 days in another scheme at 20% per annum compound interest. The compound interest earned from the second scheme is ₹1056.4. Find the approximate amount initially invested in the first scheme.
• Suraj sold an item for ₹1600 and incurred a loss of 20%. At what price should he have sold the item to gain a profit of 30%?
• What should come in place of the question mark (?) in the following question? 90 × 20% of 105 ÷ 3 = ?
• 649.94 + 5.02 + 12.056 × 8.909 = ?
• What should come in place of the question mark (?) in the following simplification problem? 20% of (22 × 32) - 2 = ?
• An amount is invested at the rate of 20% compounded annually and becomes ₹8,640 after 3 years. Find the amount invested.

⚔️ Practice IBPS PO General Awareness free + battle 1v1 →