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A shopkeeper mark up price of LED 60% above its cost price and gives three successive discount of , d% and 25%. If shopkeeper made a loss 16% on LED. Find the second discount allowed by shop? 
  • a)
    15% 
  • b)
    20% 
  • c)
    25% 
  • d)
    16 ⅔% 
  • e)
    17.5% 
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
A shopkeeper mark up price of LED 60% above its cost price and gives t...
Let C.P. of LED = 100x Rs.
M.P of LED = 160x Rs.
1 First discount =
= 20x Rs.
Second and third discount

21(100 - d) = 84 × 20
21d = 2100-1680

d = 20%
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Most Upvoted Answer
A shopkeeper mark up price of LED 60% above its cost price and gives t...
Let's denote the cost price of the LED as CP, the marked up price as MP, and the selling price after three successive discounts as SP.

The marked up price (MP) is 60% above the cost price (CP), so:

   MP = CP + 0.60 * CP
   MP = 1.60 * CP
The shopkeeper gave three successive discounts of 12.5%, d%, and 25%. Therefore, the selling price (SP) can be calculated as follows:

   SP = MP * (1 - 0.125) * (1 - d/100) * (1 - 0.25)

We know that the shopkeeper incurred a loss of 16%. To find the loss percentage, we can use the formula:

   Loss Percentage = ((CP - SP) / CP) * 100

   Given that the loss percentage is 16%, we can substitute this into the equation and solve for SP:

   16 = ((CP - SP) / CP) * 100

   (CP - SP) / CP = 16/100

   CP - SP = 0.16 * CP

   SP = CP - 0.16 * CP

   SP = 0.84 * CP

Now, we can substitute the expression for SP from step 3 into the equation for SP in step 2:

   0.84 * CP = 1.60 * CP * (1 - 0.125) * (1 - d/100) * (1 - 0.25)

Simplify the equation:

   0.84 = 1.60 * 0.875 * (1 - d/100) * 0.75

Further simplify:

   0.84 = 1.05 * (1 - d/100)

Divide both sides by 1.05:

   0.8 = 1 - d/100

Solve for d:

   d/100 = 1 - 0.8

   d/100 = 0.2

   d = 0.2 * 100

   d = 20%

So, the second discount allowed by the shopkeeper is 20%.
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Study the following data carefully and answer the questions:A shopkeeper sold 5 items an Almirah, a Chair, a Sofa, a Bed, and a Table. Cost price and marked price of each item are different and the shopkeeper sold each item at different discounts on their respective marked price.Cost price of the Almirah is Rs.20000 more than that of the Chair and double that of the Sofa. Cost price of the Bed is 60% more than that of the Table and the Bed is marked up by Rs.4000. The Chair is marked up by 20%, the table is marked up by 8% and the marked price of the table is Rs.6000 more than that of the chair. Marked price of the Almirah is Rs.6000 more than its cost price and also Rs.10000 more than the marked price of the Bed. Average of marked prices of the Sofa and the Bed is Rs.18000.Q. If the Chair is sold at two successive discounts of 5% and d% and the profit received on the Chair is 8.3%, then find the value of ‘d’.

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A shopkeeper mark up price of LED 60% above its cost price and gives three successive discountof, d% and 25%. If shopkeeper made a loss 16% on LED. Find the second discount allowed by shop?a)15%b)20%c)25%d)16 ⅔%e)17.5%Correct answer is option 'B'. Can you explain this answer?
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A shopkeeper mark up price of LED 60% above its cost price and gives three successive discountof, d% and 25%. If shopkeeper made a loss 16% on LED. Find the second discount allowed by shop?a)15%b)20%c)25%d)16 ⅔%e)17.5%Correct answer is option 'B'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about A shopkeeper mark up price of LED 60% above its cost price and gives three successive discountof, d% and 25%. If shopkeeper made a loss 16% on LED. Find the second discount allowed by shop?a)15%b)20%c)25%d)16 ⅔%e)17.5%Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper mark up price of LED 60% above its cost price and gives three successive discountof, d% and 25%. If shopkeeper made a loss 16% on LED. Find the second discount allowed by shop?a)15%b)20%c)25%d)16 ⅔%e)17.5%Correct answer is option 'B'. Can you explain this answer?.
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