New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A shopkeeper buying an item for Rs 6000 and marked it up

    by 33.33%. He vend it after giving two consecutive discounts of 20% and Rs 200 respectively. Had he swapped both the discounts, what would have been the change in the margin amount.
    A Rs 40 Correct Answer Incorrect Answer
    B Rs 35 Correct Answer Incorrect Answer
    C Rs 45 Correct Answer Incorrect Answer
    D Rs 30 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    Solution . In first case: CP = Rs 6000,  Let the 33.33% fraction value be = 1/3 1 = profit 3 = cost price = 3 = 60000                            1 = 2000……..(1) 3+1 =4 selling price  Therefore , marked up value will be = s.p xc.p = 4 x 2000 = 8000 SP = Rs 6240  Required change in profit = Rs 40

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