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A shopkeeper gives a discount of 10 % on the marked price and sells it for Rs. 540 to earn a profit of Rs. 90. Find the profit percentage if the product is marked Rs. 200 above its cost price for the same absolute value of discount.
  • a)
    30%
  • b)
    31.11%
  • c)
    40%
  • d)
    Cannot be determined
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
A shopkeeper gives a discount of 10 % on the marked price and sells it...
Case 1:
Let the marked price be m.
The selling price = 0.9m
⇒ 0.9m = 540 
⇒ m = 600
Cost price = 540 -90 = Rs. 450
Case 2:
Discount = Rs. 60, Marked price = Rs. 650
Selling price = 650 - 60 = Rs. 590
Profit = 590 - 450 = Rs. 140
Profit percentage = (140/450) x 100 = 31.11%
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Most Upvoted Answer
A shopkeeper gives a discount of 10 % on the marked price and sells it...
I think the right answer is A. i went through the solutions. the MP = Rs 650 after discount of 10 percent the sp should be 585. idk how they got 590
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Community Answer
A shopkeeper gives a discount of 10 % on the marked price and sells it...
Case 1:
Let the marked price be m.
The selling price = 0.9m
⇒ 0.9m = 540 
⇒ m = 600
Cost price = 540 -90 = Rs. 450
Case 2:
Discount = Rs. 60, Marked price = Rs. 650
Selling price = 650 - 60 = Rs. 590
Profit = 590 - 450 = Rs. 140
Profit percentage = (140/450) x 100 = 31.11%
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A shopkeeper gives a discount of 10 % on the marked price and sells it for Rs. 540 to earn a profit of Rs. 90. Find the profit percentage if the product is marked Rs. 200 above its cost price for the same absolute value of discount.a)30%b)31.11%c)40%d)Cannot be determinedCorrect answer is option 'B'. Can you explain this answer?
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A shopkeeper gives a discount of 10 % on the marked price and sells it for Rs. 540 to earn a profit of Rs. 90. Find the profit percentage if the product is marked Rs. 200 above its cost price for the same absolute value of discount.a)30%b)31.11%c)40%d)Cannot be determinedCorrect answer is option 'B'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about A shopkeeper gives a discount of 10 % on the marked price and sells it for Rs. 540 to earn a profit of Rs. 90. Find the profit percentage if the product is marked Rs. 200 above its cost price for the same absolute value of discount.a)30%b)31.11%c)40%d)Cannot be determinedCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper gives a discount of 10 % on the marked price and sells it for Rs. 540 to earn a profit of Rs. 90. Find the profit percentage if the product is marked Rs. 200 above its cost price for the same absolute value of discount.a)30%b)31.11%c)40%d)Cannot be determinedCorrect answer is option 'B'. Can you explain this answer?.
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