A shopkeeper marks up the price of his product by 60 If he increases the discount from 5 to 10 the p...........

Quantitative Aptitude ( CCS) Profit and loss

A shopkeeper marks up the price of his product by 60%. If he increases the discount from 5% to 10% ,the pro?t would decrease by Rs 24. How much pro?t would he earn if he gives a discount of 20% on the marked price?

Rs384

Rs420

Rs410

Rs366

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Explanation:

Solution:
Let the CP be 100.
Then MP 160
Ist discount 5%=152
IInd discount 10%=144.
Diff 152-144=8
8—–24
1——?==>3.
CP=3*100=Rs300
Then MP=Rs480
SP=480*80/100
=Rs384.