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Jyothish is a shopkeeper who bought an item from a manufacturer and sells it after two successive discounts of 8% and 15% on the selling price. After this transaction he makes a profit of Rs. 2,377. Had he sold it after only one discount of 15%, he would have made a profit of Rs. 3,975. What was the original selling price of the item and at what price did he buy the item from the manufacturer?
 
  • a)
    Rs. 25,000 and Rs. 17,975
  • b)
    Rs. 25,000 and Rs. 17,000
  • c)
    Rs. 23,500 and Rs. 16,000
  • d)
    Rs. 23,500 and Rs. 14,000
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Jyothish is a shopkeeper who bought an item from a manufacturer and se...
Let the original selling price be S and the price at which he bought the item from the manufacturer be C.
S x 0.92 x 0.85 = 2377 + C........... (i)
S x 0.85 = 3975 + C........... (ii)
(ii) - (i) gives
Sx 0.85x0.08 = 1598
S = 23500
Substituting the value of S in equation (ii), C = 16000 Hence, option 3.
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Most Upvoted Answer
Jyothish is a shopkeeper who bought an item from a manufacturer and se...
SP: selling price, CP: cost price.
0.92*0.85*SP-CP=2377, 0.85*SP-CP=3975. Solve them, you get the reqd answer.
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Community Answer
Jyothish is a shopkeeper who bought an item from a manufacturer and se...
Let the original selling price be S and the price at which he bought the item from the manufacturer be C.
S x 0.92 x 0.85 = 2377 + C........... (i)
S x 0.85 = 3975 + C........... (ii)
(ii) - (i) gives
Sx 0.85x0.08 = 1598
S = 23500
Substituting the value of S in equation (ii), C = 16000 Hence, option 3.
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Jyothish is a shopkeeper who bought an item from a manufacturer and sells it after two successive discounts of 8% and 15% on the selling price. After this transaction he makes a profit of Rs. 2,377. Had he sold it after only one discount of 15%, he would have made a profit of Rs. 3,975. What was the original selling price of the item and at what price did he buy the item from the manufacturer?a)Rs. 25,000 and Rs. 17,975b)Rs. 25,000 and Rs. 17,000c)Rs. 23,500 and Rs. 16,000d)Rs. 23,500 and Rs. 14,000Correct answer is option 'C'. Can you explain this answer?
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Jyothish is a shopkeeper who bought an item from a manufacturer and sells it after two successive discounts of 8% and 15% on the selling price. After this transaction he makes a profit of Rs. 2,377. Had he sold it after only one discount of 15%, he would have made a profit of Rs. 3,975. What was the original selling price of the item and at what price did he buy the item from the manufacturer?a)Rs. 25,000 and Rs. 17,975b)Rs. 25,000 and Rs. 17,000c)Rs. 23,500 and Rs. 16,000d)Rs. 23,500 and Rs. 14,000Correct answer is option 'C'. 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 Jyothish is a shopkeeper who bought an item from a manufacturer and sells it after two successive discounts of 8% and 15% on the selling price. After this transaction he makes a profit of Rs. 2,377. Had he sold it after only one discount of 15%, he would have made a profit of Rs. 3,975. What was the original selling price of the item and at what price did he buy the item from the manufacturer?a)Rs. 25,000 and Rs. 17,975b)Rs. 25,000 and Rs. 17,000c)Rs. 23,500 and Rs. 16,000d)Rs. 23,500 and Rs. 14,000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Jyothish is a shopkeeper who bought an item from a manufacturer and sells it after two successive discounts of 8% and 15% on the selling price. After this transaction he makes a profit of Rs. 2,377. Had he sold it after only one discount of 15%, he would have made a profit of Rs. 3,975. What was the original selling price of the item and at what price did he buy the item from the manufacturer?a)Rs. 25,000 and Rs. 17,975b)Rs. 25,000 and Rs. 17,000c)Rs. 23,500 and Rs. 16,000d)Rs. 23,500 and Rs. 14,000Correct answer is option 'C'. Can you explain this answer?.
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