Question
Akash bought an item for Rs. 250 and marked it ____ above the cost price and gave a discount of ____ and made a profit/loss of Rs. ____. The values given in which of the following options will fill the blanks in the same order in which it is given to make the above statement true:
I. 20%, 12%, 14
II. 30%, 18%, 16
III. 24%, 20%, 2
Solution
ATQ,
For I: Marked price of the item = 1.2 × 250 = Rs. 300 Selling price of the item = 0.88 × 300 = Rs. 264 Profit = 264 – 250 = Rs. 14 So, I can be the answer. For II: Marked price of the item = 1.3 × 250 = Rs. 325 Selling price of the item = 0.82 × 325 = Rs. 266.5 Profit = 266.5 – 250 = Rs. 16.5 So, II can’t be the answer. For III: Marked price of the item = 1.24 × 250 = Rs. 310 Selling price of the item = 0.80 × 310 = Rs. 248 Loss = 250 – 248 = Rs. 2 So, III can be the answer.
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