Elitmus
Exam
Numerical Ability
Profit and Loss
a retailer buys a sewing machine at a discount of 15% and sells it for rs1955.thus he makes a profit of how much rs?
Read Solution (Total 2)
-
- Marked price be Rs. X
Discount availed by the retailer = 15% of Rs. X
C.P of the machine by the retailer = (X – 15% of X) = Rs. 17X/20
15% of 17X/20 = 1955 – 17X/20
51X/400 + 17X/20 = 1955 or
X = 2000
Discount received retailer = (15% of Rs. 2000) = Rs. 300 - 5 years agoHelpfull: Yes(1) No(1)
- Cost price for the retailer = 100(100+15)×1955=1700100(100+15)×1955=1700
But this price is what retailer got after having got a discount of 15%.
Let the marked price be Rs.x . Purchase price by the retailer = (100-15)% of Rs.x.
So 85100×x=1700⇒x=200085100×x=1700⇒x=2000
Discount received by retailer
= (15% of Rs.2000) = Rs.300 - 7 years agoHelpfull: Yes(0) No(1)
Elitmus Other Question