if you want to remove an article from website contact us from top.

# a dealer offers a cash discount of 20% and still makes a profit of 20%, when he further allows 16 articles to a dozen to a particularly sticky bargainer. how much percent above the cost price were his wares listed?

Category :

### Mohammed

Guys, does anyone know the answer?

get a dealer offers a cash discount of 20% and still makes a profit of 20%, when he further allows 16 articles to a dozen to a particularly sticky bargainer. how much percent above the cost price were his wares listed? from screen.

## A dealer offers a cash discount of 20 % and still makes a profit of 20 %, when he further allows 16 articles to a dozen to a particularly sticky bargainer. How much per cent above the cost price were his wares listed?

A dealer offers a cash discount of 20 % and still makes a profit of 20 %, when he further allows 16 articles to a dozen to a particularly sticky bargainer. How much per cent above the cost price were his wares listed?

Quantitative Aptitude

Profit, Loss & Discount

A dealer offe... Question

A dealer offers a cash discount of 20% and still makes a profit of 20%, when he further allows 16 articles to a dozen to a particularly sticky bargainer. How much per cent above the cost price were his wares listed?

A 100 % B 80 % C 75 % D 66 2 3 % Open in App Solution

The correct option is B

100 %

If listed price of article be Rs.100 then discounted price be Rs.80 (since discount = 20%)

After offering 16 articles to a dozen

Price of 16 articles

= 80 × 12

Price of one article

= 80 × 12 16 = 60 Profit = 20% Cost price x (say) = 60 − x × 20 100 ⇒ x + x 5 = 60 ⇒ x = 60 × 5 6 x = 50

Percent above the cost price

= 100 − 50 50 × 100 = 100 %

Profit, Loss & Discount

Other Quantitative Aptitude

Suggest Corrections 9

SIMILAR QUESTIONS

Q. A dealer offers a cash discount of 20% and still makes a profit of 20%, when he further allows 16 articles to a dozen to a particularly sticky bargainer. How much per cent above the cost price were his wares listed ?Q. A dealer offers a discount of 20% and still makes a profit of 20% and he further allows 4 articles free on the sale of 12 articles. Find the ratio of cost price to marked price.Q. A trader lists his articles

20 %

above cost price and allows a discount of

10 %

on cash payment. His gain per cent is

Q. Tick (✓) the correct answer:

A dealer lists his articles at 20% above cost price and allows a discount of 10%. His gain per cent is

(a) 10% (b) 8% (c) 9 % (d) 814%

Q. A person wants to sell his goods at 20% profit after allowing a discount of 16 2/3% on marked price. How much % above the cost price should he mark his article?

View More

स्रोत : byjus.com

## A dealer offers a cash discount of 20% and still makes a profit of 20%, when he further allows 16 articles to a dozen to a particularly sticky bargainer. How much per cent above the cost price were his wares listed?

Answer (1 of 6): It is definitely a tricky question. Step 1: let Cost price (CP) be 100. he makes 20% profit on entire deal. therefore Selling price (SP) will be 120. Marked Price (MP): ? MP=(100 x SP) / (100 - Discount%) …………Basic Formula MP=(100 x 120) / (100 – 20) MP=150 Step 2: dealer is...

A dealer offers a cash discount of 20% and still makes a profit of 20%, when he further allows 16 articles to a dozen to a particularly sticky bargainer. How much per cent above the cost price were his wares listed?

Ad by Amazon Web Services (AWS)

AWS is how.

AWS removes the complexity of building, training, and deploying machine learning models at any scale.

Sort Sukesh S

Editor at The Theosophical Society (2014–present)Author has 253 answers and 114.1K answer views2y

When the dealer allows 16 to a dozen to a buyer, the discount is 4/16 = 25%

Cash discount = 20% Profit = 20%

Therefore, SP = CP * 1.20 = MP * 0.75 * 0.80

=> MP/CP = 1.2 / (0.75*0.8) = 1.2 * 4/3 * 5/4 = 2

Thus MP is 2 times CP, or (MP-CP)/CP = 1

Thus markup was 100%

Related questions

A shopkeeper marks his sarees at 20% above the cost price and allows the purchaser a discount of 10% for cash buying. What profit percent does he make?

A dealer offers a cash discount of 30% and still makes a profit of 20%, when he further allows 16 articles to a dozen to a particularly sticky bargainer. What percent above the cost price were his wares listed?

A dealer offers a cash discount of 20 percent, he further allows 160 articles when the customer buys 150 and still makes a profit of 20%. How much percent above the cost price were he listed?

A dealer offers a cash discount of 20%. Further, a customer bargains and receives 20 articles for the price of 15 articles. The dealer still makes a profit of 20%. How much percent above the cost price were his articles marked?

By selling 12 oranges for a rupee, a man loses 20%. How many oranges should he sell to earn 20%?

Kartik S

BE in Mechanical Engineering, University of Mumbai (Graduated 2002)3y

Let us say the cost price per ware is X and the listed price is Y.

Then he gave a discount of 20% and sold 16 articles for the discounted price of 12 articles. So the equation is as follows:

(12/16)*0.8Y = 1.2X

Y= (1.2/0.8)*(16/12)*X

Y = 2X

The original selling price is 100% above the cost price.

Java full-featured and standalone library for PSD proccessing.

Manipulate PSD, PSB, AI file formats and improve processing of image files using our powerful Java API.

Omkar Kotwal

Studied at Savitribai Phule Pune University (SPPU)2y

It is definitely a tricky question.

Step 1: let Cost price (CP) be 100. he makes 20% profit on entire deal. therefore Selling price (SP) will be 120. Marked Price (MP): ?

MP=(100 x SP) / (100 - Discount%) …………Basic Formula

MP=(100 x 120) / (100 – 20)

MP=150

Step 2: dealer is selling 16 articles for the cost price of 12 articles. now Loss=?

SP=CP x ((100-loss%) / 100))…………………Basic Formula

SP of 16 articles= (CP of 16 articles) x ((100 - loss%) / 100))

given that SP of 16 articles=CP of 12 articles.

CP of 12 articles= (CP of 16 articles) x ((100 - loss%) / 100))

12 x 100 = 16 x (100 - loss%)

75= 100 - loss Vasudevan A.N.S.

Former Retired Professor of Chemistry. (1977–2014)Author has 7.8K answers and 9M answer views1y

Let us assume the Cost Price of an article= Rs 100

To gain a profit of 20%, ie the Sale Price is Rs 120 , then the marked price (M.P) = Rs 120/0.8 = Rs 150

{We know S.P=M.P X (100– D)/100}

Now the dealer offers 16 — articles instead of 12.

So to maintain the same 20% Profit, even after giving 4- articles free for adozen, he has to increase the Marked Price by (⅓) times.

So the final Marked Price should be = Rs 150 X (4/3)= Rs 200. !!!!

So if the Marked Price is 100% more than the Cost Price, then only the dealer can enjoy a Profit of 20%.

==================================

The dealer gives 16- article

Related questions

On a 20% discount sale, an article costs 480. What was the original price of the article?

If a person sells a product at 20% profit and gives 25% less than the weight of the product, then what percentage of the profit does the person have?

The labelled price of a product is Rs 750. If it is sold at a 20% discount and the dealer earns a 25% profit, what is the cost price?

Which discount is profitable to the buyer? 25%, 12%, 3%, or 18%, 17%, 5%?

At what percentage above the cost price should the price of a product be marked such that after a discount of 20%, a profit of 8% can be earned?

Tarun Bedi

Assistant Section Officer at Ministry of Health and Family Welfare, India (2018–present)Author has 233 answers and 175.1K answer views1y

Let's say cost of 16 articles after 20% discount is Rs 16. - - - - (1)

And after bargaining customer gets them for Rs 12 i.e 25% discount again.

Now on this Rs 12 he gains 20% so CP must be 12/1.2=10

In statement (1) cost of 16 articles before discount should be 16/0.8=20 (MP)

Percentage Markup =(20-10)/10*100= 100%

Looking for a way to make money online?

Make profit by investing into 800+ markets using professional trading tools with 0% fees!

Om Sharma

Masters in Engg.(M.E.) from Panjab University, Chandigarh (Graduated 1967)Author has 867 answers and 302.5K answer views2y

0.8×12/16×MP=1.2CP

MP/CP=1.2×16/12/0.8= 2 i.e. 100% above CP

Rajnish Jaswal

स्रोत : www.quora.com

## A dealer offers a cash discount of 20 and still makes

A dealer offers a cash discount of 20% and still makes a profit of 20%, when he further allows 16 articles to a dozen to a particularly sticky bargainer. How much percent above the cost price were his wares listed? a) 100% b) 80% c) 75% d) $$66\frac{2}{3}$$%

Examveda

## A dealer offers a cash discount of 20% and still makes a profit of 20%, when he further allows 16 articles to a dozen to a particularly sticky bargainer. How much percent above the cost price were his wares listed?

A. 100% B. 80% C. 75% D. 66 2 3 6623 %

### Solution(By Examveda Team)

Let the CP of the article be Rs. x, since he earns a profit of 20%, hence SP = X + 20% of X = 1.2x

It is given that he incurs loss by selling 16 articles at the cost of 12 articles [loss =

16−12 16 16−1216 = 25%]

His selling price = SP - 25% of SP = SP × 0.75

Hence, SP × 0.75 = 1.2X

Or, SP = 1.2×x 0.75 1.2×x0.75 = 1.6X

This SP is arrived after giving a discount of 20% on MP.

Let MP = Y Y - 20% of Y = SP 0.80Y = 1.6X Y = 2X

It means that the article has been marked 100% above the cost price. Or Marked Price was twice of cost price.

## Join The Discussion

Join The Discussion Comments ( 4 )

Rased Khan : 2 years ago 100-20=80 100+20=120 now 80*120/100=96 100-96=4% 16-12/16*100=25% now 4%*25%=100% Md Helal : 4 years ago

CP : SP = 3 : 4 (Quantity)

CP : SP = 4 : 3 (Price)

MP*(4/5)*(3/4) = (6/5)*CP

⇒ MP : CP = 2 : 1

Above% = 1*(100/1) = 100%

Shubham Singh : 5 years ago M4/5*12/16=6/5C M/c=2/1 2-1=1/1=100% Pranshu Kakkar : 5 years ago

This question seems incomplete as the solution given mentions some loss on a dozen.

Related Questions on Profit and Loss

A shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of the cost price and the printed price of the book is:

A. 45 : 56 B. 45 : 51 C. 47 : 56 D. 47 : 51 View Answer

By selling a bicycle for Rs. 2,850, a shopkeeper gains 14%. If the profit is reduced to 8%, then the selling price will be:

A. Rs. 2600 B. Rs. 2700 C. Rs. 2800 D. Rs. 3000 View Answer

A sells an article to B at a profit of 10% B sells the article back to A at a loss of 10%. In this transaction:

A. A neither losses nor gains

B. A makes a profit of 11%

C. A makes a profit of 20%

A person sold a horse at a gain of 15%. Had he bought it for 25% less and sold it for Rs. 600 less, he would have made a profit of 32%. The cost price of the horse was:

A. Rs. 3,750 B. Rs. 3,250 C. Rs. 2,750 D. Rs. 2,250 View Answer

More Related Questions on Profit and Loss

### Read More: MCQ Type Questions and Answers

Arithmetic Ability

Competitive Reasoning

Competitive English Data Interpretation General Knowledge History Geography Current Affairs Banking Awareness

Computer Fundamentals

Networking C Program Java Program SQL Database HTML CSS Javascript PHP Computer Science

Electrical Engineering

Mechanical Engineering

Civil Engineering

Chemical Engineering

Commerce Management

स्रोत : www.examveda.com

Do you want to see answer or more ?
Mohammed 2 month ago

Guys, does anyone know the answer?