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Q:

The market price of an article was 40% more than its cost price. Rana was going to sell it at market price to a customer, but he showed Rana some defects in the article, due to which Rana gave him a discount of 28.57%. Next day he came again and showed Rana some more defects, hence he gave him another discount that was equal to 12.5% of the cost price. What was the approximate profit/loss to Rana ?

A) Loss of 12.5% B) Profit of 12.5%
C) Loss of 24.5% D) Profit of 22.5%
 
Answer & Explanation Answer: A) Loss of 12.5%

Explanation:

Let the cost price be Rs. 100
Then, market price is Rs. 140
Now, the first discount is of 28.57% Rs.140 =~ Rs. 40
Hence, its selling price = 140 - 40 = Rs. 100
Now since Rana is selling at cost price, any further discount will be equal to loss percentage.
The next dicount of 12.5% will be the loss percentage to Rana.

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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
Job Role: Analyst , Bank Clerk , Bank PO

Q:

You are a tester. Now How will you choose which defect to remove in 1000000 defects?

Answer

First thing testers are not responsible for fixing the bug they are only responsible for debugging the bug and prioritizing those bugs. These bugs are now reported in bug report template with the severity and priority of the bug. Tester assigns severity level to the defects depending upon their impact on other parts of application. Every bug has its severity and priority values assign by tester. If a defect does not allow you to go ahead and test the product, it is critical one so it has to be fixed as soon as possible. We have 5 levels as:


 


Critical


High


Medium


Low


Cosmetic

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Subject: QA Testing