📢 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. 10000 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 25% 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
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Selling price of the bag = 0.75 × 10000 = Rs. 7500 Let the markup percentage be x% and the discount percentage offered be 2x%. Therefore, Marked price = 10000 + x% of 10000 = Rs. (10000 + 100x) Discount = 2x% of (10000 + 100x) Therefore, selling price = 10000 + 100x – 200x = 7500 Or, x2 + 100x – 2500 = 0 On solving, x = −100 and 10 Therefore, Discount percentage = 2x=20%.

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question