📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    A retailer lists a television at 55% above the cost price.

    If the tagged price is Rs. 15,500 and he offers a 20% discount, how much profit does he make?
    A Rs.3600 Correct Answer Incorrect Answer
    B Rs.1500 Correct Answer Incorrect Answer
    C Rs.2400 Correct Answer Incorrect Answer
    D Rs.1100 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Cost price = 15,500 / 1.55 = Rs. 10,000

    Selling price = 0.8 × 15,500 = Rs. 12,400

    Profit = 12,400 - 10,000 = Rs. 2,400

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question