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    Question

    The ratio between cost price, labelled price and the

    selling price of a product is 4:10:6. If a profit of Rs. 240 is gained on the sale, find out how much discount was given on the labelled price.
    A 900 Correct Answer Incorrect Answer
    B 480 Correct Answer Incorrect Answer
    C 370 Correct Answer Incorrect Answer
    D 550 Correct Answer Incorrect Answer

    Solution

    ATQ,


    Let the cost price, labelled price and selling price be Rs. 4x, Rs. 10x and Rs. 6x, respectively.

    Given,

    Profit = Selling Price - Cost Price = 6x - 4x = 2x

    So,

    2x = 240

    => x = 240 / 2 = 120

    Discount = Labelled Price - Selling Price = 10x - 6x = 4x = 4 × 120 = Rs. 480

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