📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      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

      Practice Next
      More Profit and loss Questions

      Relevant for Exams:

      ask-question