Question
A watch is purchased for Rs. 4200 and Rs. 300 is spent on its repair. The watch is then marked 20% above its effective cost price and then sold for Rs. 4950 after offering some discount. Find the discount offered.
Solution
Effective cost price of the watch = 4200 + 300 = Rs. 4500 Marked price of the watch = 120% of 4500
= 1.2 × 4500 = Rs. 5400 Discount offered = 5400 − 4950 = Rs. 450
More Profit and loss Questions
- A trader marks his goods 50% above the cost price. During a sale, he allows a discount of 20% on the marked price and still makes a profit of Rs 240 on eac...
- Axe and Wye purchases the Bikes at same price and later on Zed purchase both the bikes at the same price of Rs. 72000. But the profit % of Axe was A% while...
- A shopkeeper purchases six small cold drink bottles for Rs. 100. For how much should he sell one such bottle to get a profit of 20%?
- A store offered two successive discounts of 8% and 5% on a television and still made a profit of 22%. Find the approximate cost price of the television if ...
- The ratio of cost price to the marked price of an article is 5:8. The article had been marked above its cost price by Rs. 300. If the article was sold at a...
- 'A' sold an article whose cost price is Rs. 'Z', at a profit of 30% to 'B'. 'B' marked the price of the article 30% above the price at which he bought it f...
- The selling price of the book is 25% more than the selling price of the bag and the selling price of the bottle is 30% less than the selling price of the b...
- A man buys a radio for ₹2000. He sells it to a retailer at a profit of 25%. The retailer sells it to a customer at a profit of 20%. What is the final selli...
- Amit purchased an article and marked it 60% above the cost price and sold it after giving a discount of 15% for Rs. 1530. What will be the selling price of...
- An item has its marked price and cost price in the ratio of 4:3. If the discount offered is equal to the profit made, determine the profit percentage.
