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

    Question

    A bag of cost price of Rs. 6000 is marked up by a

    certain percentage, and a discount percent of twice the markup percent is offered on it. If there is a loss of 15% in the transaction, then find the discount percent offered?
    A 25% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 15% Correct Answer Incorrect Answer
    D 35% Correct Answer Incorrect Answer

    Solution

    ATQ, Selling price of the bag = 0.85 × 6000 = Rs. 5100 Let the markup percentage be x% and the discount percentage offered be 2x%. Therefore, Marked price = 6000 + x% of 6000 = Rs. (6000 + 60x) Discount = 2x% of (6000 + 60x) Therefore, selling price = 6000 + 60x – 120x = 5100 Or, x2 + 60x – 900 = 0 On solving, x = − 90 and 10 Therefore, Discount percentage = 2x = 20%.

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question