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Official PYQ · 2021

GATE CS 2021 Set 1 Q7 — General Aptitude

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ItemsCostProfit %Marked Price(₹)(₹)P5,400−−−5,860Q−−−2510,000\begin{array}{|c|c|c|c|} \hline \textbf{Items} & \textbf{Cost} & \textbf{Profit \%} & \textbf{Marked Price} \\ & \text{(₹)} & & \text{(₹)} \\ \hline P &5,400 &---&5,860\\ \hline Q&---&25&10,000\\ \hline\end{array}

Details of prices of two items PP and QQ are presented in the above table. The ratio of cost of item PP to cost of item QQ is 3:43:4. Discount is calculated as the difference between the marked price and the selling price. The profit percentage is calculated as the ratio of the difference between selling price and cost, to the cost 

(Profit%=Selling price – CostCost×100)(\text{Profit} \%=\dfrac{\text{Selling price – Cost}}{\text{Cost}} \times 100)

The discount on item QQ, as a percentage of its marked price, is _______

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Answer: C

We can solve this step-by-step using the information provided in the table and the text:

  1. Find the Cost Price of item QQ (CQC_Q):

    We are given that the Cost Price of item PP (CPC_P) is ₹5,4005,400 and the ratio of the cost of PP to QQ is 3:43:4.

    CPCQ=34\frac{C_P}{C_Q} = \frac{3}{4} CQ=CP×43=5400×43=7200 ₹C_Q = C_P \times \frac{4}{3} = 5400 \times \frac{4}{3} = 7200 \text{ ₹}
  2. Find the Selling Price of item QQ (SQS_Q):

    The profit percentage on item QQ is 25%25\%. Using the profit percentage formula:

    Profit %=SQ−CQCQ×100=25\text{Profit \%} = \frac{S_Q - C_Q}{C_Q} \times 100 = 25 SQ=CQ×(1+25100)=7200×1.25=9000 ₹S_Q = C_Q \times \left(1 + \frac{25}{100}\right) = 7200 \times 1.25 = 9000 \text{ ₹}
  3. Calculate the Discount on item QQ:

    The Marked Price of item QQ (MQM_Q) is ₹10,00010,000.

    Discount=MQ−SQ=10000−9000=1000 ₹\text{Discount} = M_Q - S_Q = 10000 - 9000 = 1000 \text{ ₹}
  4. Calculate the Discount Percentage of Marked Price: Discount %=DiscountMQ×100=100010000×100=10%\text{Discount \%} = \frac{\text{Discount}}{M_Q} \times 100 = \frac{1000}{10000} \times 100 = 10\%

Therefore, the discount on item QQ as a percentage of its marked price is 10%10\%.

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