Question

    A man sold a mobile phone for Rs. 825 and made a 25%

    profit. If the mobile was marked at Rs. 950, how much discount did he give to earn a profit of 15%?
    A 120 Correct Answer Incorrect Answer
    B 145 Correct Answer Incorrect Answer
    C 191 Correct Answer Incorrect Answer
    D None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Cost price = 825 ÷ 1.25 = Rs. 660

    New selling price for 15% profit = 660 × 1.15 = Rs. 759

    Discount = 950 – 759 = Rs. 191

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