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    Question

    A product is tagged at 50% above its cost price and is sold

    after a discount of 30% on the marked price. If the selling price comes to Rs. 2,730, find the gain made on this sale.
    A Rs.760 Correct Answer Incorrect Answer
    B Rs.610 Correct Answer Incorrect Answer
    C Rs.540 Correct Answer Incorrect Answer
    D Rs.840 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the cost price of product be Rs. '100b'

    Marked price = 1.50 Ă— 100b = Rs. '150b'

    Selling price = 0.70 Ă— 150b = Rs. '105b'

    So, 105b = 2,730

    Or, b = 26

    Therefore, required profit = 5 Ă— 26 = Rs. 130

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