A shopkeeper marked his article ₹1,500 more than its cost price and gives a discount of 12.5% on it. If the selling price of the article is ₹3,500, then find the profit percentage made by the shopkeeper.

Correct answer: 40%

Solution

Let the cost price be $x$. Then marked price = $x+1500$. A discount of 12.5% means selling price is 87.5% of marked price, so $3500 = \frac{7}{8}(x+1500)$. Solving gives $x=2500$, so profit = 1000 and profit percentage = 40%.

Related IBPS PO General Awareness questions

A number increases from 32 to 40. Find the percentage increase.
A pie chart shows the number of patients (total 400) attended by 5 different doctors, and the table shows the fees of doctors and the concession given by them. Doctors | Fees | Concession A | ₹2,500 | 4% B | ₹1,000 | 5% C | ₹1,200 | 10% D | ₹800 | 10% E | ₹500 | 15% Note: Doctor A is a Master physio, Doctors B and C are Senior physio, and Doctors D and E are Junior physio. In a day, Doctor A attends 50% of the patients, Doctor B attends 40% of the patients, and the rest of the doctors attend 30% of the patients. If Doctor B is promoted to the rank of Master physio and has to attend the same percentage of patients as earlier, then what will be the difference in his earnings?
The difference in the salaries of two employees is ₹2250. If 15% of one employee's salary is 18% of the other employee's salary, find the salary of the employee receiving the lesser amount.
What will come in the place of the question mark (?) in the following expression? $(36\% \text{ of } 500) \div (10\% \text{ of } 200 + 40) = ?$
Total employees who represent A are what percent more than the total male employees who represent B? Given data shows the total male and female employees in three companies in a seminar. Read the data carefully and answer the question: In the annual seminar of three companies, A, B and C, some male and female employees represent their companies. The average number of female employees who represent A and B is 420. The total male employees in A and B is 1620. The number of female employees is bd and be of the male employees in A and B respectively. The total female employees who represent C are 25% more than the total female employees who represent A, and the total male employees who represent C are 33.33% more than the total female employees who represent B.
A man spends 10%, 20%, and 30% of his salary on rent, groceries, and entertainment respectively. After that, he invests 25% of the remaining amount in fixed deposit and uses 20% of the remaining amount to pay his home loans. If he saves ₹14,400, then find his salary.

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