Caselets

Q: What is the Selling Price (SP) of the product for Shopkeeper A?

Correct Answer: Option C (Rs. 5,950). Let CP of A = x. CP of B = x. CP of C = 1.2x. Total CP = x + x + 1.2x = 3.2x. 3.2x = 16000 => x = 5000. So, CP of A = Rs. 5000. Markup is 40%, so Marked Price (MP) of A = 5000 * 1.40 = 7000. Discount = 15%. SP of A = 7000 * 0.85 = Rs. 5,950.

Q: What is the profit earned by Shopkeeper C?

Correct Answer: Option C (Rs. 1,020). CP of C = 1.2 * 5000 = Rs. 6000. MP of C = 6000 * 1.30 = 7800. Discount = 10%. SP of C = 7800 * 0.90 = Rs. 7020. Profit of C = SP - CP = 7020 - 6000 = Rs. 1,020.

Q: The profit earned by Shopkeeper B is what percent of the profit earned by Shopkeeper A?

Correct Answer: Option B (105.26%). CP of A = 5000. SP of A = 5950. Profit of A = 5950 - 5000 = 950. CP of B = 5000. MP of B = 5000 * 1.50 = 7500. Discount = 20%. SP of B = 7500 * 0.80 = 6000. Profit of B = 6000 - 5000 = 1000. Percentage = (Profit B / Profit A) * 100 = (1000 / 950) * 100 = 105.26%.

Q: If Shopkeeper B had given a 15% discount instead of 20%, how much more profit would he have earned?

Correct Answer: Option D (Rs. 375). MP of B = Rs. 7500. New SP with 15% discount = 7500 * 0.85 = 6375. New Profit = 6375 - 5000 = 1375. Old Profit = 1000. Difference = 1375 - 1000 = Rs. 375.

Q: What is the ratio of the Marked Price of Shopkeeper C to the Marked Price of Shopkeeper A?

Correct Answer: Option B (39:35). MP of C = 7800. MP of A = 7000. Ratio = 7800 : 7000 = 78 : 70 = 39 : 35.

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Caselets: Reference Passage & Data Shared for questions below

Caselet Context & PassageSet 1: Profit & Loss

Data Interpretation: Caselets (Medium to Hard Level)

Three shopkeepers, A, B, and C, sell a certain product. Shopkeeper A marks up his product by 40% above the cost price and gives a discount of 15%. Shopkeeper B marks up his product by 50% above the cost price and offers a discount of 20%. Shopkeeper C marks up his product by 30% above his cost price and gives a discount of 10%. The Cost Price (CP) for shopkeepers A and B is the same, while the Cost Price for shopkeeper C is 20% more than that of A. The total Cost Price of the product for all three shopkeepers combined is Rs. 16,000.

What is the Selling Price (SP) of the product for Shopkeeper A?

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What is the profit earned by Shopkeeper C?

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The profit earned by Shopkeeper B is what percent of the profit earned by Shopkeeper A?

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If Shopkeeper B had given a 15% discount instead of 20%, how much more profit would he have earned?

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What is the ratio of the Marked Price of Shopkeeper C to the Marked Price of Shopkeeper A?

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Caselets

What is the Selling Price (SP) of the product for Shopkeeper A?

Community Discussion & Shortcut Formulas

What is the profit earned by Shopkeeper C?

Community Discussion & Shortcut Formulas

The profit earned by Shopkeeper B is what percent of the profit earned by Shopkeeper A?

Community Discussion & Shortcut Formulas

If Shopkeeper B had given a 15% discount instead of 20%, how much more profit would he have earned?

Community Discussion & Shortcut Formulas

What is the ratio of the Marked Price of Shopkeeper C to the Marked Price of Shopkeeper A?

Community Discussion & Shortcut Formulas