Question
During the festival season, A shopkeeper marks up the rate of his silver products by 40%. If he increases the discount from 5% to 10%, then the profit will decrease by Rs 14. How much profit will he get if he gives a discount of 20% on the marked price?
Answer: Option C
:
C
Answer = Option c
Assume, CP =100
MP = 100 × 1.4=140
Initial discount = 5 % of 140 = Rs 7
New discount = 10% of 140 = Rs 14
Profit decreases by Rs 7
When profit decrease by Rs 7, CP = Rs 100
When profit decreases by Rs 14, CP = Rs 200
Actual, MP = 1.4 × 200 = 280
Discount of 20 % on MP implies SP = 0.8 × 280 =224
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:
C
Answer = Option c
Assume, CP =100
MP = 100 × 1.4=140
Initial discount = 5 % of 140 = Rs 7
New discount = 10% of 140 = Rs 14
Profit decreases by Rs 7
When profit decrease by Rs 7, CP = Rs 100
When profit decreases by Rs 14, CP = Rs 200
Actual, MP = 1.4 × 200 = 280
Discount of 20 % on MP implies SP = 0.8 × 280 =224
Profit = 224 - 200 = Rs.24
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