Rama kant dealing in bedsheets allows 4 discount on the marked price What price must be marked on a ...........

Quant (SSC) Profit and loss

Rama kant dealing in bedsheets allows 4% discount on the marked price. What price must be marked on a bedsheet that cost Rs. 480 so as to make a profit of 10%?

520

650

620

550

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Explanation:

Cost price = Rs. 480 Rs.
Profit = 480 × 10% = 48
S. P. = 480 + 48 = 528 Rs.
Discount % = 4%
Discount is always given on the marked price, So
x × 96% = 528
x = 550 Rs.