Defence Exam > Defence Questions > Lalit buys an article marked at Rs. 1,500 and...
Start Learning for Free
Lalit buys an article marked at Rs. 1,500 and gets successive discounts of 25% and 20%. He spends 10% of his cost price on transport. At what price should he must sell the article to earn a profit of 10%?
- a)Rs. 1202
- b)Rs. 1089
- c)Rs. 1552
- d)Rs. 1622
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
Lalit buys an article marked at Rs. 1,500 and gets successive discount...
GIVEN:
MP = Rs. 1500
Successive discounts = 25% and 20%
Transportation cost = 10%
Profit = 10%
MP = Rs. 1500
Successive discounts = 25% and 20%
Transportation cost = 10%
Profit = 10%
FORMULA USED:
Total CP = CP + transportation cost
SP = (100 + P%) × CP
Total CP = CP + transportation cost
SP = (100 + P%) × CP
CALCULATION:
CP = 75% of 80% of 1500 = Rs. 900
Total CP = CP + transportation cost = 110% of 900 = 990
∴ SP = 110% of 990 = Rs. 1089
CP = 75% of 80% of 1500 = Rs. 900
Total CP = CP + transportation cost = 110% of 900 = 990
∴ SP = 110% of 990 = Rs. 1089
Alternative Method:
Single equivalent discount for successive discounts of 25% and 20%.
25% + 20% - 25 × 20/100 = 40%
∴ SP = (100 - 40)% of 1,500 = 1500 × 60% = 900
Expenditure on transport = 900 × 10% = Rs. 90
Total CP = 900 + 90 = 990
∴ Required SP = 990 × 110/100 = 1089
Single equivalent discount for successive discounts of 25% and 20%.
25% + 20% - 25 × 20/100 = 40%
∴ SP = (100 - 40)% of 1,500 = 1500 × 60% = 900
Expenditure on transport = 900 × 10% = Rs. 90
Total CP = 900 + 90 = 990
∴ Required SP = 990 × 110/100 = 1089
Most Upvoted Answer
Lalit buys an article marked at Rs. 1,500 and gets successive discount...
Given:
- The article is marked at Rs. 1,500.
- Lalit gets successive discounts of 25% and 20%.
- Lalit spends 10% of his cost price on transport.
- Lalit wants to earn a profit of 10%.
To find:
- The price at which Lalit should sell the article to earn a profit of 10%.
Solution:
Let's calculate the cost price of the article after applying the discounts.
Step 1: Applying the first discount of 25%
Discount = 25% of Rs. 1,500 = (25/100) * 1500 = Rs. 375
Cost price after the first discount = Rs. 1,500 - Rs. 375 = Rs. 1,125
Step 2: Applying the second discount of 20%
Discount = 20% of Rs. 1,125 = (20/100) * 1125 = Rs. 225
Cost price after both discounts = Rs. 1,125 - Rs. 225 = Rs. 900
Step 3: Adding the transport cost of 10%
Transport cost = 10% of Rs. 900 = (10/100) * 900 = Rs. 90
Total cost price = Rs. 900 + Rs. 90 = Rs. 990
Now, Lalit wants to earn a profit of 10% on the cost price.
Step 4: Calculating the selling price to earn a profit of 10%
Profit = 10% of Rs. 990 = (10/100) * 990 = Rs. 99
Selling price = Cost price + Profit = Rs. 990 + Rs. 99 = Rs. 1089
Therefore, Lalit should sell the article at Rs. 1089 to earn a profit of 10%.
Hence, the correct answer is option 'B' - Rs. 1089.
- The article is marked at Rs. 1,500.
- Lalit gets successive discounts of 25% and 20%.
- Lalit spends 10% of his cost price on transport.
- Lalit wants to earn a profit of 10%.
To find:
- The price at which Lalit should sell the article to earn a profit of 10%.
Solution:
Let's calculate the cost price of the article after applying the discounts.
Step 1: Applying the first discount of 25%
Discount = 25% of Rs. 1,500 = (25/100) * 1500 = Rs. 375
Cost price after the first discount = Rs. 1,500 - Rs. 375 = Rs. 1,125
Step 2: Applying the second discount of 20%
Discount = 20% of Rs. 1,125 = (20/100) * 1125 = Rs. 225
Cost price after both discounts = Rs. 1,125 - Rs. 225 = Rs. 900
Step 3: Adding the transport cost of 10%
Transport cost = 10% of Rs. 900 = (10/100) * 900 = Rs. 90
Total cost price = Rs. 900 + Rs. 90 = Rs. 990
Now, Lalit wants to earn a profit of 10% on the cost price.
Step 4: Calculating the selling price to earn a profit of 10%
Profit = 10% of Rs. 990 = (10/100) * 990 = Rs. 99
Selling price = Cost price + Profit = Rs. 990 + Rs. 99 = Rs. 1089
Therefore, Lalit should sell the article at Rs. 1089 to earn a profit of 10%.
Hence, the correct answer is option 'B' - Rs. 1089.
Free Test
FREE
| Start Free Test |
Community Answer
Lalit buys an article marked at Rs. 1,500 and gets successive discount...
B
|
Explore Courses for Defence exam
|
|
Similar Defence Doubts
Lalit buys an article marked at Rs. 1,500 and gets successive discounts of 25% and 20%. He spends 10% of his cost price on transport. At what price should he must sell the article to earn a profit of 10%?a)Rs. 1202b)Rs. 1089c)Rs. 1552d)Rs. 1622Correct answer is option 'B'. Can you explain this answer?
Question Description
Lalit buys an article marked at Rs. 1,500 and gets successive discounts of 25% and 20%. He spends 10% of his cost price on transport. At what price should he must sell the article to earn a profit of 10%?a)Rs. 1202b)Rs. 1089c)Rs. 1552d)Rs. 1622Correct answer is option 'B'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about Lalit buys an article marked at Rs. 1,500 and gets successive discounts of 25% and 20%. He spends 10% of his cost price on transport. At what price should he must sell the article to earn a profit of 10%?a)Rs. 1202b)Rs. 1089c)Rs. 1552d)Rs. 1622Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Lalit buys an article marked at Rs. 1,500 and gets successive discounts of 25% and 20%. He spends 10% of his cost price on transport. At what price should he must sell the article to earn a profit of 10%?a)Rs. 1202b)Rs. 1089c)Rs. 1552d)Rs. 1622Correct answer is option 'B'. Can you explain this answer?.
Lalit buys an article marked at Rs. 1,500 and gets successive discounts of 25% and 20%. He spends 10% of his cost price on transport. At what price should he must sell the article to earn a profit of 10%?a)Rs. 1202b)Rs. 1089c)Rs. 1552d)Rs. 1622Correct answer is option 'B'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about Lalit buys an article marked at Rs. 1,500 and gets successive discounts of 25% and 20%. He spends 10% of his cost price on transport. At what price should he must sell the article to earn a profit of 10%?a)Rs. 1202b)Rs. 1089c)Rs. 1552d)Rs. 1622Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Lalit buys an article marked at Rs. 1,500 and gets successive discounts of 25% and 20%. He spends 10% of his cost price on transport. At what price should he must sell the article to earn a profit of 10%?a)Rs. 1202b)Rs. 1089c)Rs. 1552d)Rs. 1622Correct answer is option 'B'. Can you explain this answer?.
Solutions for Lalit buys an article marked at Rs. 1,500 and gets successive discounts of 25% and 20%. He spends 10% of his cost price on transport. At what price should he must sell the article to earn a profit of 10%?a)Rs. 1202b)Rs. 1089c)Rs. 1552d)Rs. 1622Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Defence.
Download more important topics, notes, lectures and mock test series for Defence Exam by signing up for free.
Here you can find the meaning of Lalit buys an article marked at Rs. 1,500 and gets successive discounts of 25% and 20%. He spends 10% of his cost price on transport. At what price should he must sell the article to earn a profit of 10%?a)Rs. 1202b)Rs. 1089c)Rs. 1552d)Rs. 1622Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Lalit buys an article marked at Rs. 1,500 and gets successive discounts of 25% and 20%. He spends 10% of his cost price on transport. At what price should he must sell the article to earn a profit of 10%?a)Rs. 1202b)Rs. 1089c)Rs. 1552d)Rs. 1622Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Lalit buys an article marked at Rs. 1,500 and gets successive discounts of 25% and 20%. He spends 10% of his cost price on transport. At what price should he must sell the article to earn a profit of 10%?a)Rs. 1202b)Rs. 1089c)Rs. 1552d)Rs. 1622Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Lalit buys an article marked at Rs. 1,500 and gets successive discounts of 25% and 20%. He spends 10% of his cost price on transport. At what price should he must sell the article to earn a profit of 10%?a)Rs. 1202b)Rs. 1089c)Rs. 1552d)Rs. 1622Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Lalit buys an article marked at Rs. 1,500 and gets successive discounts of 25% and 20%. He spends 10% of his cost price on transport. At what price should he must sell the article to earn a profit of 10%?a)Rs. 1202b)Rs. 1089c)Rs. 1552d)Rs. 1622Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Defence tests.
|
|
Explore Courses for Defence 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