Rakesh sold sofa set for Rs 22 500 with a discount of 20 and loss 10 If no discount is offer what is...........

Quantitative Aptitude ( Phase -I) Profit and loss

Rakesh sold sofa set for Rs. 22,500 with a discount of 20% and loss 10%. If no discount is offer, what is the condition for Rakesh?

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SEBI Grade A (Ph 1 Paper 1 2021)

12.5% loss

10.5% profit

10.5% loss

15% profit

None of the above

- Rakesh sold the sofa set at Rs. 22,500 after giving a 20% discount.

- The selling price after discount is considered as 80% of the marked price.

- If he incurred a 10% loss at this selling price, then:

- Marked Price (MP): 22,500 / 0.8 = Rs. 28,125

- Cost Price (CP): 22,500 / 0.9 = Rs. 25,000

- Without any discount, the selling price equals the marked price.

- Profit or loss without discount:

- Selling Price = Rs. 28,125

- CP = Rs. 25,000

- Profit = (SP - CP)/CP × 100 = (28,125 - 25,000)/25,000 × 100 = 12.5%

- With these calculations, the correct option is:

- Option 1: 12.5% loss - this is incorrect, it is a profit.

- Option 2: 10.5% profit - this is incorrect.

- Option 3: 10.5% loss - this is incorrect.

- Option 4: 15% profit - this is incorrect.

- Option 5: None of the above

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