Question
A second-hand item was bought at Rs. 650 and had repairs costing Rs. 550. The seller increased the price by 35% but finally sold it at a 30% loss. Calculate the discount allowed.
Solution
ATQ,
Effective cost price of the item = 650 + 550 = Rs. 1200
Marked price of the item = 1.35 × 1200 = Rs. 1620
Selling price of the item = 0.7 × 1200 = Rs. 840
Therefore, discount offered = 1620 – 840 = Rs. 780
More Profit and loss Questions
- The cost price of article A and B is Rs. ‘X’ and Rs. (X + 750), respectively. Article A is sold at 20% profit while article B is sold at 10% loss. If selli...
- An item costs Rs.1250. It is marked up by x% and then sold after a discount of (x – 8)%. The seller earns a profit of Rs.30. Find the marked price.
- Anita sold an article at 50% profit. If the profit percentage had been numerically equal to CP, then the profit earned would have been 300% more. Find the ...
- A reduction of 10% in the price of sugar enables a man to buy 5 kg more for RS 300. Find the reduced price per kg of sugar.
- A company produces two products, A and B. The cost of production for product A is ₹120 and for product B is ₹80. If the selling price for product A is ₹200...
- 'A' purchased an article and sold it to 'B' at 10% profit. 'B' marked it up by 35% above the price at which 'A' has purchased it and then sold it after giv...
- A farmer sold two cows, each for ₹45,000. He made a 12.5% profit on the sale of one cow but incurred a 16(2/3)% loss on the sale of the other. Calculate th...
- Two cycles were sold at 1499 Rs each. First was sold at 25% profit and second at 20% loss. Find the overall profit or loss.
- A shopkeeper sold an article at profit of 10%. Had he bought it at 10% less and sold it for Rs. 3 more, then he would have earned a profit of 25%. Find the...
- Tanuj went to purchase an oven, the shopkeeper told him to pay 29% tax if he asked the bill. Tanuj manages to get the discount of 15% on the actual salepri...
