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

    Question

    An item is listed at 50% above its cost price and sold at

    10% discount. What is the seller’s profit percentage?
    A 48% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 35% Correct Answer Incorrect Answer
    D 50% Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the cost price of the item be Rs. 100x.

    So, marked price of the item = 100x × 1.5 = Rs. 150x

    Selling price after discount = 150x × 0.9 = Rs. 135x

    Gain made by seller = 135x - 100x = Rs. 35x

    Gain percentage = {(135x - 100x) / 100x} × 100 = 35%

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