Management Aptitude Test 2016 Paper

Question : 95 of 200

Marks: +1, -0

A garment company declared 15% discount for wholesale buyers. Mr. Sachdev bought garments from the company for ₹ 25000 after getting discount. He fixed up the selling price of garments in such a way that he earned a profit of 8% on original company price. What is the approximate total selling price?

₹ 28000
₹ 29000
₹ 31000
₹ 29500

Validate

Solution:

(100-15)/100

x MP
⇒ MP =

2500000/85

≈ ₹ 29412
Now, profit = 8%
∴ Required SP =

({100+8}/100)

× 29412
=

108/100

× 29412 = ₹ 31000

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