Events & Promotions
|
|
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Apr 2610:00 AM EDT
-11:00 AM EDT
The Target Test Prep course represents a quantum leap forward in GMAT preparation, a radical reinterpretation of the way that students should study. Try before you buy with a 5-day, full-access trial of the course for FREE!
Apr 2711:00 AM EDT
-12:00 PM EDT
Prefer video-based learning? The Target Test Prep OnDemand course is a one-of-a-kind video masterclass featuring 400 hours of lecture-style teaching by Scott Woodbury-Stewart, founder of Target Test Prep and one of the most accomplished GMAT instructors
Apr 2808:00 AM PDT
-11:00 AM PDT
Whether you are just beginning your MBA journey or fine-tuning your path to a 700+ score, GMAT Day is designed to give you a competitive edge.
01 Sep 2024, 21:03
Kudos
Bookmarks
shopkeeper marks in article at such a price that after allowing a discount of 30% on the tag price including tax he makes the profit of 40%. if the tag price of the article including tax is 460 when the cost price of the article is?
Posted from my mobile device
Posted from my mobile device
01 Sep 2024, 21:42
Kudos
Bookmarks
shopkeeper marks in article at such a price that after allowing a discount of 30% on the tag price including tax he makes the profit of 40%. if the tag price of the article including tax is 460 when the cost price of the article is?
Lets understand the concept first:
Cost price + Mark up % = MP
MP - Discount = SP
Cost price * Profit % = SP
MP - Discount = Cost price * profit %
Now translating the word equation -
"marks in article at such a price" means MP
"after allowing a discount of 30% on the tag price including tax he makes the profit of 40%" means MP - Discount % on MP = Cost price + Profit % on Cost price
460 - 460*30% = CP + CP*40%
We have to find CP
460(1-30%) = CP (1+40%)
CP = 460 (70%)/140%
= 460 * 7* 100 / 140 * 10
= 230
Pls kudos if you like the explanation
Lets understand the concept first:
Cost price + Mark up % = MP
MP - Discount = SP
Cost price * Profit % = SP
MP - Discount = Cost price * profit %
Now translating the word equation -
"marks in article at such a price" means MP
"after allowing a discount of 30% on the tag price including tax he makes the profit of 40%" means MP - Discount % on MP = Cost price + Profit % on Cost price
460 - 460*30% = CP + CP*40%
We have to find CP
460(1-30%) = CP (1+40%)
CP = 460 (70%)/140%
= 460 * 7* 100 / 140 * 10
= 230
Pls kudos if you like the explanation
I perceive that we can solve the entire question in percentage form like
Let assume mark price be 100 so 30% discount means MP 70
On 70 there is 40% profit which means
70=140%
Then by this equation
The value of 1 would be 140/70
Which is 2
And the MP assumed is 100 so 2*100=200
200=460 given
So again value of 1=2.3
And cp of any product is based at 100 so 2.3*100= 230
I have followed the comparing method,comparing the value let with original one given in question.
I might thing that this method will work
Let assume mark price be 100 so 30% discount means MP 70
On 70 there is 40% profit which means
70=140%
Then by this equation
The value of 1 would be 140/70
Which is 2
And the MP assumed is 100 so 2*100=200
200=460 given
So again value of 1=2.3
And cp of any product is based at 100 so 2.3*100= 230
I have followed the comparing method,comparing the value let with original one given in question.
I might thing that this method will work
