SSC CGL – Combined Graduate Level Examination · Question 70
A television set is sold for ₹Q and the shopkeeper earns a profit of 25%. During a clearance sale, he marks the same set at 1.4Q and allows a discount of 15% on the marked price. What is his profit percentage during the sale?
Show answer & explanation
Answer: (C) 48.75%
Explanation
CP = 0.8Q; SP = 1.4Q × 0.85 = 1.19Q; profit = 1.19/0.8 − 1 = 48.75%.