Profit and Loss Practice Test 10

Question : 21 of 28

Marks: +1, -0

Rahim bought a gift item for Rs 510 after getting a discount of 15%. He then sells it 5% above the marked price. The profit earned in this deal is:

Solution:

Marked price = x
Discount = 15%

SP=x-15/100x=510

x={510×100}/85=600

Marked price = 600
Profit per cent = 5%

SP=600+{600×5}/100

=600+30=630

Profit earned in this deal = Rs 630 - Rs 510 = Rs 120

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