M4maths Previous Puzzles

29 Jul 2019 Profit and Loss

A wholesaler allows a discount of 25 % on the list price to the retailer. The retailer sells at 5% below the list price. If the customer pays Rs.38 for an article what profit is made by the retailer on it?

OPtion

1) 10
2) 12
3) 18
4) 6
5) 3
6) 4
7) 8
8) 11
9) 13
10) None of these

Solution

If wholesaler's list price=100%, Retailer's CP=75% & SP=95%
If SP of 95% of the retailer costs Rs.38 to customer,so its CP of 75% will cost 75*38/95= 30
Profit is made by the retailer= 38 - 30 = 8

Correct Option: 7 Best Solution (5)