Profit and Loss Practice Test 4

Question : 11 of 40

Marks: +1, -0

A retailer buys a sewing machine at a discount of 15% and sells it for Rs 1,955. Thus, he makes a profit of 15%. The discount is:

Solution:

Price of the machine = x
CP of the machine

=x-15/100x=85/100x

SP of the machine = 1,955
Profit = 15%
SP = CP + profit %

1955=85/100x+15/100×85/100x

1955=391/400x

x=2000

Discount per cent on machine = 15%
Discount price

={15×2000}/391=300

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