Quant Exam > Quant Questions > If a discount of 15 percent is given on an ar...
Start Learning for Free
If a discount of 15 percent is given on an article then the shopkeeper make a profit of 5 percent. Find the percent profit made by the seller when a discount of 10 percent is given
- a)11.3/17 %
- b)11.4/17 %
- c)11.5/17 %
- d)11.7/17 %
- e)None of these
Correct answer is option 'A'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
If a discount of 15 percent is given on an article then the shopkeeper...
(85/100)*mp = (105/100)*cp
(90/100)*mp = [(100+p)/100]*(85/105)*mp
(90/100)*mp = [(100+p)/100]*(85/105)*mp
Most Upvoted Answer
If a discount of 15 percent is given on an article then the shopkeeper...
To find the percent profit made by the seller when a discount of 10 percent is given, we can use the concept of cost price, selling price, and profit percentage.
Let's assume the cost price of the article is $100.
Given that a discount of 15 percent is given, the selling price would be 85 percent of the cost price, which is:
Selling price = Cost price - (Discount percentage * Cost price)
Selling price = $100 - (0.15 * $100)
Selling price = $100 - $15
Selling price = $85
Since the shopkeeper makes a profit of 5 percent, the selling price would be 105 percent of the cost price, which is:
Selling price = Cost price + (Profit percentage * Cost price)
$85 = Cost price + (0.05 * Cost price)
$85 = Cost price + $0.05Cost price
$85 = $1.05Cost price
Simplifying the equation, we have:
$1.05Cost price = $85
Cost price = $85 / $1.05
Cost price = $80
Now, let's find the selling price when a discount of 10 percent is given:
Selling price = Cost price - (Discount percentage * Cost price)
Selling price = $80 - (0.10 * $80)
Selling price = $80 - $8
Selling price = $72
To calculate the profit percentage, we can use the formula:
Profit percentage = (Profit / Cost price) * 100
Profit = Selling price - Cost price
Profit = $72 - $80
Profit = -$8 (negative profit indicates a loss)
Profit percentage = (-$8 / $80) * 100
Profit percentage = -10%
Therefore, the percent profit made by the seller when a discount of 10 percent is given is -10%, which means there is a loss of 10%.
None of the given options (A, B, C, D) are correct.
Let's assume the cost price of the article is $100.
Given that a discount of 15 percent is given, the selling price would be 85 percent of the cost price, which is:
Selling price = Cost price - (Discount percentage * Cost price)
Selling price = $100 - (0.15 * $100)
Selling price = $100 - $15
Selling price = $85
Since the shopkeeper makes a profit of 5 percent, the selling price would be 105 percent of the cost price, which is:
Selling price = Cost price + (Profit percentage * Cost price)
$85 = Cost price + (0.05 * Cost price)
$85 = Cost price + $0.05Cost price
$85 = $1.05Cost price
Simplifying the equation, we have:
$1.05Cost price = $85
Cost price = $85 / $1.05
Cost price = $80
Now, let's find the selling price when a discount of 10 percent is given:
Selling price = Cost price - (Discount percentage * Cost price)
Selling price = $80 - (0.10 * $80)
Selling price = $80 - $8
Selling price = $72
To calculate the profit percentage, we can use the formula:
Profit percentage = (Profit / Cost price) * 100
Profit = Selling price - Cost price
Profit = $72 - $80
Profit = -$8 (negative profit indicates a loss)
Profit percentage = (-$8 / $80) * 100
Profit percentage = -10%
Therefore, the percent profit made by the seller when a discount of 10 percent is given is -10%, which means there is a loss of 10%.
None of the given options (A, B, C, D) are correct.
|
Explore Courses for Quant exam
|
|
Similar Quant Doubts
If a discount of 15 percent is given on an article then the shopkeeper make a profit of 5 percent. Find the percent profit made by the seller when a discount of 10 percent is givena)11.3/17 %b)11.4/17 %c)11.5/17 %d)11.7/17 %e)None of theseCorrect answer is option 'A'. Can you explain this answer?
Question Description
If a discount of 15 percent is given on an article then the shopkeeper make a profit of 5 percent. Find the percent profit made by the seller when a discount of 10 percent is givena)11.3/17 %b)11.4/17 %c)11.5/17 %d)11.7/17 %e)None of theseCorrect answer is option 'A'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about If a discount of 15 percent is given on an article then the shopkeeper make a profit of 5 percent. Find the percent profit made by the seller when a discount of 10 percent is givena)11.3/17 %b)11.4/17 %c)11.5/17 %d)11.7/17 %e)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a discount of 15 percent is given on an article then the shopkeeper make a profit of 5 percent. Find the percent profit made by the seller when a discount of 10 percent is givena)11.3/17 %b)11.4/17 %c)11.5/17 %d)11.7/17 %e)None of theseCorrect answer is option 'A'. Can you explain this answer?.
If a discount of 15 percent is given on an article then the shopkeeper make a profit of 5 percent. Find the percent profit made by the seller when a discount of 10 percent is givena)11.3/17 %b)11.4/17 %c)11.5/17 %d)11.7/17 %e)None of theseCorrect answer is option 'A'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about If a discount of 15 percent is given on an article then the shopkeeper make a profit of 5 percent. Find the percent profit made by the seller when a discount of 10 percent is givena)11.3/17 %b)11.4/17 %c)11.5/17 %d)11.7/17 %e)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a discount of 15 percent is given on an article then the shopkeeper make a profit of 5 percent. Find the percent profit made by the seller when a discount of 10 percent is givena)11.3/17 %b)11.4/17 %c)11.5/17 %d)11.7/17 %e)None of theseCorrect answer is option 'A'. Can you explain this answer?.
Solutions for If a discount of 15 percent is given on an article then the shopkeeper make a profit of 5 percent. Find the percent profit made by the seller when a discount of 10 percent is givena)11.3/17 %b)11.4/17 %c)11.5/17 %d)11.7/17 %e)None of theseCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Quant.
Download more important topics, notes, lectures and mock test series for Quant Exam by signing up for free.
Here you can find the meaning of If a discount of 15 percent is given on an article then the shopkeeper make a profit of 5 percent. Find the percent profit made by the seller when a discount of 10 percent is givena)11.3/17 %b)11.4/17 %c)11.5/17 %d)11.7/17 %e)None of theseCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
If a discount of 15 percent is given on an article then the shopkeeper make a profit of 5 percent. Find the percent profit made by the seller when a discount of 10 percent is givena)11.3/17 %b)11.4/17 %c)11.5/17 %d)11.7/17 %e)None of theseCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for If a discount of 15 percent is given on an article then the shopkeeper make a profit of 5 percent. Find the percent profit made by the seller when a discount of 10 percent is givena)11.3/17 %b)11.4/17 %c)11.5/17 %d)11.7/17 %e)None of theseCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of If a discount of 15 percent is given on an article then the shopkeeper make a profit of 5 percent. Find the percent profit made by the seller when a discount of 10 percent is givena)11.3/17 %b)11.4/17 %c)11.5/17 %d)11.7/17 %e)None of theseCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice If a discount of 15 percent is given on an article then the shopkeeper make a profit of 5 percent. Find the percent profit made by the seller when a discount of 10 percent is givena)11.3/17 %b)11.4/17 %c)11.5/17 %d)11.7/17 %e)None of theseCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Quant tests.
|
|
Explore Courses for Quant exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup