Question: A shopkeeper bought a table marked at Rs. 200 at successive discount of 10% and 15%, respectively. He spent Rs. 7 on transport and sold the table for Rs. 208. What will be his profit percentage?
Options:
A) 30%
B) 40%
C) 55%
D) 45%
Show Answer
Answer:
Correct Answer: A
Solution:
- Single discount corresponding to 10% and 15%
$ =10+15-\frac{10\times 15}{100}=23.5 $ %
Given, MP = Rs. 200
Discount = 23.5%
Money spent on transport = Rs. 7
$ \therefore $ $ CP=76.5% $ of
$ 200+7=\frac{76.5}{100}\times 200+7=Rs.160 $
$ SP=Rs.208 $
$ \therefore $ Percentage of profit $ =\frac{208-160}{160}\times 100 $
$ =\frac{48\times 100}{160}=30 $ %