Exams › SSC CGL (Prelims) › General
A trader buys 8 items for the price of 5 items. If he sells each item at a 5% discount on its marked price, what is his profit percentage?
- 56%
- 58%
- 60%
- 52%
Correct answer: 52%
Solution
Buying 8 items for the price of 5 means the cost price of one item is 5/8 of the marked price if marked price is taken as the base. Selling at 5% discount means the selling price is 95% of marked price. Profit percentage is therefore \((0.95 - 0.625)/0.625 \times 100 = 52\%\).
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