For selling a newly purchased phone, Pankaj mark up its price by 25% above the cost price and allows

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07 Oct 2022 Profit & Loss

For selling a newly purchased phone, Pankaj mark up its price by 25% above the cost price and allows three successive discounts of 6%, 8% and 10% and suffers a loss of Rs. 542, The difference between the cost price and marked price of a phone (in Rs) is

OPtion

1) 3000
2) 8000
3) 1000
4) 2000
5) 4000
6) 6000
7) 5000
8) 7000
9) 9000
10) None of these

Solution

Let CP=x, then MP=1.25x
SP with three successive discounts=1.25x*0.94*0.92*0.90=0.9729x
Loss = CP - SP
542 = x - 0.9729x
0.0271x = 542
x = 20000
.'. MP = 1.25*20000 = 25000
Hence, difference of CP and MP = 25000 - 20000 = 5000
Correct Option 7)

Correct Option: 7 Best Solution (0)