AFCAT Model Paper 7

Given:
The marked price of the scooter = Rs. 2600
Successive discounts = 10% and 5%.
Formula Used:
if the successive discount percents are a% and b%
Then equivalent discount =[(a+b)−

ab

100

]%
Calculation:
According to the question
Equivalent Discount =(10+5)−

(10×5)

100

=14.5
⇒ Cost price of scooter after discounts =2600×(

85.5

100

)=2223
Again, According to the question
Cost of scooter after repairing = 2223 + 477 = 2700
⇒ Selling price of scooter = 2835
Profit percentage =[

(2835−2700)

2700

]×100
⇒ 5
∴ Profit percentage is 5%.