A retailer purchases a sewing machine at discount of 15 and sells it for Rs 1955 In the bargain he m...........

Quantitative Aptitude ( CCS) Profit and loss

A retailer purchases a sewing machine at discount of 15% and sells it for Rs. 1955. In the bargain he makes a profit of 15%. How much is the discount which he got from the wholesale ?

Rs300

Rs280

Rs310

Rs260

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Explanation:

Let the marked price be Rs. x
Discount = 15% of Rs. x
C.P. = (x – 15% of x) = Rs. 17x / 20
then 15% of 17x / 20 = 1955 – 17x / 20
51x/400 + 17x/20 = 1955
x = 2000
Discount received by retailer = (15% of 2000) = Rs. 300.

Hence, option 1 is the correct answer.