Multiple Choice Questions on By selling an article for Rs 300 a trader made a profit of 25 Now if the trader gives two succ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

By selling an article for Rs 300 a trader made a profit of 25 Now if the trader gives two succ...........

Quantitative Aptitude ( CCS) Profit and loss
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     By selling an article for Rs. 300, a trader made a profit of 25%. Now, if the trader gives two successive discounts of 15% and 10% on the existing selling price, then, how much profit/loss does he earn/bear?

    6% profit

    Incorrect Answer

    4.45% loss

    Incorrect Answer

    4.375% loss

    Correct Answer

    5% profit

    Incorrect Answer
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    Explanation:

    Let the C.P is 'x'

    x*125% = 300

    x  = 300 * 100/125 = 240 Rs.

    Let's apply the discounts on Rs. 300.

    Final Selling Price = 300*85%*90% = 229.5 Rs.

    Loss% = (240 - 229.5)/240 * 100% = 10.5/240 * 100% = 4.375%

    By: Deepak Dawra
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    Pankaj Sharma

    he gives 15 percent and 10 percent discount on existing selling price which is 300 and you are calculating on 240

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