📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      A man purchased a book for an amount equal to the simple

      interest earned on Rs. 6000 lent to a friend for 2 years at an interest rate of 4% per annum. If the book is sold at a profit of 20% after a discount of 10%, what is the marked price of the book?
      A Rs. 720 Correct Answer Incorrect Answer
      B Rs. 640 Correct Answer Incorrect Answer
      C Rs. 680 Correct Answer Incorrect Answer
      D Rs. 960 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Cost price of the book = (6000 × 2 × 4)/100 = Rs. 480 Profit = 20% Selling price of the book = 1.2 × 480 = Rs. 576 Discount = 10% Marked price of the book = 576 ÷ 0.9 = Rs. 640

      Practice Next
      More Profit and loss Questions

      Relevant for Exams:

      ask-question