Profit and Loss: Successive Discounts and Marked Price Quiz — 5 Free Questions

📖 Read the passage, then answer the questions below

A furniture showroom marks up the cost price of a dining table by 60% to arrive at its marked price. During a festive sale, the showroom offers two successive discounts on the marked price: first a discount of 20%, followed by a further discount of 10% on the already-discounted price. The dining table's cost price to the showroom is Rs. 15,000.

Separately, the showroom also sells a sofa set with a marked price of Rs. 48,000 and a cost price of Rs. 30,000. Instead of two successive discounts, the showroom offers a single flat discount of 25% on this sofa set's marked price. A second, differently designed sofa set has a cost price of Rs. 27,000, and the showroom wants to price it so that it earns exactly the same profit percentage as the first sofa set earned after its single discount.

Question 1

What is the marked price of the dining table?

Question 2

What is the profit percentage earned on the first sofa set?

Question 3

What is the difference between the profit percentage on the first sofa set and the profit percentage on the dining table?

Question 4

What is the difference between the dining table's marked price and its final selling price?

Question 5

What is the combined selling price of the dining table and the first sofa set?

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About Profit and Loss: Successive Discounts and Marked Price

CLAT's Quantitative Techniques section pairs a short data-rich scenario with several straightforward numeric questions -- here, marked price, successive discounts, and matching profit percentages applied to a single invented furniture showroom, so every answer can be worked out from the figures given, without any outside knowledge.

This quiz is built around one showroom's pricing: a dining table marked up and then discounted twice, and two sofa sets priced to earn the same profit percentage, fully worked out up front. Every question below is answered using those same figures -- nothing new is introduced question to question.

The twenty-four questions move through the kind of angles CLAT actually tests: marked price and successive discounted prices, profit and profit percentage, the single discount equivalent to two successive ones, ratios and differences between items, and a multi-statement combination question.

Only five of the twenty-four questions are shown on any single attempt, so replaying this quiz brings a genuinely different mix of angles on the same showroom rather than the same five memorised by rote.