SSC CHSL 10 Jan 2017 Shift 2 Paper

Question : 35 of 100

Marks: +1, -0

Irfaan loves black coffee. A roadside stall selling a cup of black coffee at Rs. 120, offered 25% discount to Irfaan. If Irfaan was willing to pay even Rs. 200 for that coffee, Irfaan's consumer surplus is

Validate

Solution:

Marked price = Rs. 120
Discount % = 25%
⇒ Selling price =

120×(100-25)/100

= 1.2 × 75 = Rs. 90
Thus, Irfaan's consumer surplus = 200 − 90 = Rs. 110

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