Madhya Pradesh Police Exam Model Paper 8

Question : 58 of 100

Marks: +1, -0

Marked price of an article is Rs. 17,000 and the shopkeeper gave a discount of 5% to the customer. If the cost of article is Rs. 16,000, find the profit.

Rs. 150
Rs. 125
Rs. 175
Rs. 180

Validate

Solution:

Given:
Marked price = Rs. 17,000
Discount = 5%
Cost of article = Rs. 16,000
Formula used:
SP = MP × [(100 – Discount%)/100]
Profit = SP –CP
Calculation:
SP

= Rs. 17000 × [(100 – 5%){/}100]

⇒ Rs. 17,000 × (95{/}100)

⇒ Rs. 16,150

Profit

= Rs. (16,150 – 16,000)

⇒ Rs. 150
∴ The profit is of Rs. 150

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