1 General Mental and Psychological Abilities · 1.3.1 Percentages and commercial arithmetic

1.3.1.3 Marked price, discounts and the dishonest dealer

Discount is taken on the marked price and profit on the cost price; keep the two bases apart and every markup–discount question becomes CP × markup × (1 − discount).

  • APPSC Group 1
  • Advanced level
  • 5 min read
  • Full course

Key terms

  • marked price
  • list price
  • discount
  • markup
  • buy n get m free
  • false weights
  • dishonest dealer
  • cheating both ways

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Common trapsFoundation
  5. Quick revisionFoundation

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