Profit and Loss
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Q. The shopkeeper allows two successive discounts of 15 % and 10 %. If the percentage of mark up price of an item is 20 % and the cost price of that item is Rs. 1500, then find the selling price of that item?

  • (A). Rs. 1563
  • (B). Rs. 1129
  • (C). Rs. 1377
  • (D). Rs. 1670
Option (C) is Correct

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Q. Someone sold an item at a loss of 15%. If he sold it for Rs 30.60 more then he would get 9% profit. In order to get 10% profit, he has to sell the item in what amount?

  • (A). Rs.128.40
  • (B). Rs.130
  • (C). Rs.140.25
  • (D). Rs.132
Option (C) is Correct

Let the CP = Rs. 100, then SP = Rs. 85
SP for 9% profit = Rs. 109
Difference in SP = 109 – 85 = 24
When difference = Rs. 24, then CP = Rs. 100
when difference = Rs. 30.6, then CP
$$= 100xx30.6/24=3060/24=127.5$$
to get 10% profit,
SP = $$127.5 xx 110/100 = 140.25$$