📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      'P' increases the price of a shirt by 20%. If he reduces

      the discount percentage from 15% to 10%, his profit rises by Rs. 2400. Determine the profit or loss 'P' would incur if he offers a 25% discount on the marked price. Note: Break-even implies neither profit nor loss.
      A Rs.12000 loss Correct Answer Incorrect Answer
      B Rs.5000 profit Correct Answer Incorrect Answer
      C Rs.4000 loss Correct Answer Incorrect Answer
      D Rs.2200 profit Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ,

      Let, cost price of Shirt be Rs. x. So, markup price = Rs. 1.2x According to question, 1.2x × (0.9 – 0.85) = 2400 0.06x = 2400 x = 2400/0.06 x = Rs. 40000 So, markup price = Rs. 1.2 × 40000 = Rs. 48000 Selling price = 48000 × 0.25 = Rs. 36000 Therefore, required profit/loss = 40000 – 36000 = Rs. 4000 (loss) 

      Practice Next
      More Quant Miscellaneous Questions

      Relevant for Exams:

      ask-question