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A shopkeeper gives a discount on the marked price based on the quantity bought by a customer. Raja bought 10 pieces of a lunch box and was given a 10% discount by the shopkeeper. When Radhika bought 20 pieces of the same lunch box, she was given a 15% discount by the shopkeeper. In both the cases, the net amount of profit for the shopkeeper was identical. Which of the following is the ratio of marked price to the cost price for the lunch box?
  • a)
    4: 5
  • b)
    5: 4
  • c)
    8: 7
  • d)
    4: 3
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
A shopkeeper gives a discount on the marked price based on the quanti...
Let 'M' and 'C' be the marked price and cost price per lunch box. We can form an equation based on the given information as
i.e.
i.e. C = 8M / 10
or M:C = 10:8 or 5: 4
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A shopkeeper gives a discount on the marked price based on the quantity bought by a customer. Raja bought 10 pieces of a lunch box and was given a 10% discount by the shopkeeper. When Radhika bought 20 pieces of the same lunch box, she was given a 15% discount by the shopkeeper. In both the cases, the net amount of profit for the shopkeeper was identical. Which of the following is the ratio of marked price to the cost price for the lunch box?a)4: 5b)5: 4c)8: 7d)4: 3Correct answer is option 'B'. Can you explain this answer?
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A shopkeeper gives a discount on the marked price based on the quantity bought by a customer. Raja bought 10 pieces of a lunch box and was given a 10% discount by the shopkeeper. When Radhika bought 20 pieces of the same lunch box, she was given a 15% discount by the shopkeeper. In both the cases, the net amount of profit for the shopkeeper was identical. Which of the following is the ratio of marked price to the cost price for the lunch box?a)4: 5b)5: 4c)8: 7d)4: 3Correct answer is option 'B'. Can you explain this answer? for GATE 2024 is part of GATE preparation. The Question and answers have been prepared according to the GATE exam syllabus. Information about A shopkeeper gives a discount on the marked price based on the quantity bought by a customer. Raja bought 10 pieces of a lunch box and was given a 10% discount by the shopkeeper. When Radhika bought 20 pieces of the same lunch box, she was given a 15% discount by the shopkeeper. In both the cases, the net amount of profit for the shopkeeper was identical. Which of the following is the ratio of marked price to the cost price for the lunch box?a)4: 5b)5: 4c)8: 7d)4: 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for GATE 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper gives a discount on the marked price based on the quantity bought by a customer. Raja bought 10 pieces of a lunch box and was given a 10% discount by the shopkeeper. When Radhika bought 20 pieces of the same lunch box, she was given a 15% discount by the shopkeeper. In both the cases, the net amount of profit for the shopkeeper was identical. Which of the following is the ratio of marked price to the cost price for the lunch box?a)4: 5b)5: 4c)8: 7d)4: 3Correct answer is option 'B'. Can you explain this answer?.
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