New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The ratio between the marked price and the cost price of

    an article is 5: 3. If the selling price of the article is ₹28,88 and the shopkeeper gave two successive discounts of 16% and 20%, then how much is the profit or loss (in ₹)?
    A Loss, ₹216 Correct Answer Incorrect Answer
    B Profit, ₹324 Correct Answer Incorrect Answer
    C Loss, ₹112 Correct Answer Incorrect Answer
    D Profit. ₹488 Correct Answer Incorrect Answer

    Solution

    Let the common ratio be x. Hence, the marked and cost price of the article are 5x and 3x respectively. Final discount percentage after two successive discounts of A% and B%   = (16+20 -(16 × 20) /100) % = 32.8% According to the question, 5x × (1-0.328) = 2688 5x = 4000 x = 800 3x = 2400 Hence, profit made = 2888-2400 = Rs. 488 The profit is Rs. 488

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