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A shopkeeper purchased an item for 150/- and marked up the price by 30%. He later gave some discount on it and made an overall profit of 20%. What is the discount he gave on the marked price?
  • a)
    15/-
  • b)
    7.5/-
  • c)
    30/-
  • d)
    45/-
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
A shopkeeper purchased an item for 150/- and marked up the price by 30...
CP = 150/-
Profit = 20% of 150 = 30/-
Marked price = 130% of 150 = 195/-
Selling price = CP+profit = 150+30 = 180/-
Discount = Marked price - selling price = 195 - 180 = 15/-
So the answer is option A.
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A shopkeeper purchased an item for 150/- and marked up the price by 30%. He later gave some discount on it and made an overall profit of 20%. What is the discount he gave on the marked price?a)15/-b)7.5/-c)30/-d)45/-Correct answer is option 'B'. Can you explain this answer?
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A shopkeeper purchased an item for 150/- and marked up the price by 30%. He later gave some discount on it and made an overall profit of 20%. What is the discount he gave on the marked price?a)15/-b)7.5/-c)30/-d)45/-Correct answer is option 'B'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about A shopkeeper purchased an item for 150/- and marked up the price by 30%. He later gave some discount on it and made an overall profit of 20%. What is the discount he gave on the marked price?a)15/-b)7.5/-c)30/-d)45/-Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper purchased an item for 150/- and marked up the price by 30%. He later gave some discount on it and made an overall profit of 20%. What is the discount he gave on the marked price?a)15/-b)7.5/-c)30/-d)45/-Correct answer is option 'B'. Can you explain this answer?.
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