Question
Download Solution PDFX marked an article at 60% above its C. P. He sold it at profit after 2 successive discounts of 10% each. The profit percentage is
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Cost Price (C.P.) = ₹100 (Assume for simplicity)
Marked Price (M.P.) = C.P. × 1.60 = ₹100 × 1.60 = ₹160
First Discount = 10%
Second Discount = 10%
Formula used:
Final Selling Price (S.P.) = M.P. × (1 - Discount1) × (1 - Discount2)
Profit Percentage = [(S.P. - C.P.) / C.P.] × 100
Calculation:
Final S.P. = ₹160 × (1 - 0.10) × (1 - 0.10)
⇒ Final S.P. = ₹160 × 0.90 × 0.90
⇒ Final S.P. = ₹160 × 0.81
⇒ Final S.P. = ₹129.6
Profit Percentage = [(S.P. - C.P.) / C.P.] × 100
⇒ Profit Percentage = [(₹129.6 - ₹100) / ₹100] × 100
⇒ Profit Percentage = (₹29.6 / ₹100) × 100
⇒ Profit Percentage = 29.6%
∴ The correct answer is option (1).
Last updated on Jun 5, 2025
-> The BSSC Group D Written Test Response Sheet has been released at the official portal.
-> The examination was conducted on 11th May 2025.
-> The selection will be based on the performance of Written Test and Document Verification.