A saree bought for Rs 500 is marked at 16% profit and later on sold at a sales discount of x% on the marked price. If the selling price of the saree is Rs 493, find the value of x.
This questions was previously asked in
ssc cgl 2023 pre
Explanation:
- The cost price (CP) of the saree is Rs 500.
- A profit of 16% is added to the cost price.
- Marked Price (MP) calculation: MP = CP + 16% of CP = Rs 500 + Rs 80 = Rs 580.
- The saree is sold for Rs 493.
- Calculate the discount: Discount = Marked Price - Selling Price = Rs 580 - Rs 493 = Rs 87.
- To find the discount percentage (x%):
- \( \frac{87}{580} \times 100 \approx 15\%\).
- Therefore, the value of x is 15.
Option 4: 15
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By: Parvesh Mehta