Question

    A has bought a few items from the interest he earned

    from the investment in PNB. A has marked up the items by 11(1/9)% above the cost price. Find out the profit/ loss percentage for A has given a discount of 25%?
    A 15% Correct Answer Incorrect Answer
    B 67(2/3)% Correct Answer Incorrect Answer
    C 16(2/3)% Correct Answer Incorrect Answer
    D 33(1/3)% Correct Answer Incorrect Answer
    E 20% Correct Answer Incorrect Answer

    Solution

    Interest earned by C = 23958 - 18000  = Rs. 5958 Cost Price of Items = Rs.5958 Marked Price of item = 5958 + (5958 × (1/9))= Rs.6620  Discount on item = 6620 × (1/4)=1655 Selling Price of the item = 6620-1655 = Rs. 4965 Loss = 5958 - 4965= Rs. 993 Loss% = (993/5958) × 100 = 16(2/3)%

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