📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    When a retailer offers a discount of 30% on a product,

    they suffer a 15% loss. The difference between the discount allowed and the loss amounts to Rs. 150. Determine the selling price of the product if the retailer desires a 25% profit.
    A Rs.18,750 Correct Answer Incorrect Answer
    B Rs.8,750 Correct Answer Incorrect Answer
    C Rs.9,750 Correct Answer Incorrect Answer
    D Rs.6,750 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of the product be Rs. '100y'. Selling price after loss = 0.85 × 100y = Rs. '85y'. Marked price = (85y / 0.70) = Rs. (850y / 7). Loss incurred = 100y - 85y = Rs. '15y'. Discount given = (850y / 7) - 85y = Rs. (120y / 7). So, (120y / 7) - 15y = 150. Or, (15y / 7) = 150. Or, y = 70. Required selling price = 1.25 × 100 × 70 = Rs. 8,750.

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question