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    Question

    A shopkeeper marked the price of

    a bicycle at Rs. 15,000. He offers a discount of 30% on the marked price, and an additional 5% discount for immediate payment. Find the profit/loss percent if the marked price is 50% higher than the cost price.
    A 2.25% profit Correct Answer Incorrect Answer
    B 0.25% loss Correct Answer Incorrect Answer
    C 1.25% loss Correct Answer Incorrect Answer
    D 12% profit Correct Answer Incorrect Answer

    Solution

    ATQ,

    Cost price of the bicycle = (15000 / 1.5) = Rs. 10,000 Selling price of the bicycle = 15000 ├Ч 0.70 ├Ч 0.95 = Rs. 9,975 Profit percent = [(9975 - 10000) / 10000] ├Ч 100 = -0.25% (loss)

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