Home › Previous year questions › GATE 2021 MA › Question 7GATE 2021 MA – Question 7 General Aptitude · Quantitative Aptitude: Data Interpretation, Arithmetic and Number Computation · 2 marks · Multiple choice
Item P costs ₹5400 and has marked price ₹5860. Item Q has profit 25% and marked price ₹10000. Their cost ratio P:Q is 3:4. Discount is marked price minus selling price; profit percentage is 100(selling price−cost)/cost. Find Q’s discount as a percentage of marked price.
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Show answer and explanation Correct answer: (C) 10
Explanation Q’s cost=5400×4/3=7200. A 25% profit gives selling price 7200×1.25=9000. Discount=10000−9000=1000, or **10%, C**, of marked price.
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