Question

    The item "Butter" is marked up by Rs. 490 above the cost

    price. Subsequently, a discount is applied, resulting in a 12% profit for the entire transaction. If the discount offered had been Rs. 147 less, the profit would have been 18%. Determine the original discount offered.
    A Rs.196 Correct Answer Incorrect Answer
    B Rs.250 Correct Answer Incorrect Answer
    C Rs.296 Correct Answer Incorrect Answer
    D Rs.165 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of the item Butter be Rs.'b' Therefore, marked price of the item = Rs. (b + 490) Selling price of the item = Rs. 1.12b Discount offered = (b + 490) – 1.12b = Rs. (490 – 0.12b) According to the question, 1.18b – 1.12b = 147 Or, b = 147/0.06 = Rs.2450 Therefore, discount offered = (490 – 0.12b) = Rs.196

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