IBPS SO Prelims Exam Model Paper 2

Given:
The marked price or listed price of the table is Rs. 675
He gives a 33.33% discount and gained 20%
Concept used:
Here, we will use the fractional method to reduce the calculation.
Calculation:
Let the marked price and discount be 3 units and 1 unit respectively.
So, the selling price be 2 units
So, according to the question 3 units = 675
⇒ 2 units = 450
So, the selling price is Rs. 450
Now, he has gained 20%
Now, fraction value of 20% =

1

5

So, we can say the cost price will be (

5

6

)th of the selling price
So, the cost price = 450 × (

5

6

) = 375
∴ The cost price of the table is Rs. 375.