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A shopkeeper purchased a chair marked at Rs. 800 at two successive discounts of 10% and 15%. He spent Rs. 28 on its delivery and sold the chair for Rs. 800. What was his profit percentage?
- a)40%
- b)30%
- c)25%
- d)14%
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
A shopkeeper purchased a chair marked at Rs. 800 at two successive di...
Given:
Cost price (CP) of the chair = Rs. 800
First discount = 10%
Second discount = 15%
Delivery charges = Rs. 28
Selling price (SP) = Rs. 800
To find: Profit percentage
Let's solve the problem step by step:
Step 1: Calculate the selling price after the first discount.
Discount = 10%
Amount of discount = 10% of CP = (10/100) * 800 = Rs. 80
Selling price after the first discount = CP - Amount of discount = 800 - 80 = Rs. 720
Step 2: Calculate the selling price after the second discount.
Discount = 15%
Amount of discount = 15% of CP = (15/100) * 720 = Rs. 108
Selling price after the second discount = CP - Amount of discount = 720 - 108 = Rs. 612
Step 3: Calculate the total cost.
Total cost = CP + Delivery charges = 800 + 28 = Rs. 828
Step 4: Calculate the profit.
Profit = Selling price - Total cost = 612 - 828 = -216
Since the profit is negative, it means there is a loss.
Step 5: Calculate the loss percentage.
Loss percentage = (Loss / CP) * 100 = (216 / 828) * 100 = 26.09%
Since the loss percentage is 26.09%, the profit percentage will be 100% - 26.09% = 73.91%.
Therefore, the correct answer is option (d) 14%.
Note: It seems there might be an error in the given answer options as the calculated profit percentage is not one of the given options.
Cost price (CP) of the chair = Rs. 800
First discount = 10%
Second discount = 15%
Delivery charges = Rs. 28
Selling price (SP) = Rs. 800
To find: Profit percentage
Let's solve the problem step by step:
Step 1: Calculate the selling price after the first discount.
Discount = 10%
Amount of discount = 10% of CP = (10/100) * 800 = Rs. 80
Selling price after the first discount = CP - Amount of discount = 800 - 80 = Rs. 720
Step 2: Calculate the selling price after the second discount.
Discount = 15%
Amount of discount = 15% of CP = (15/100) * 720 = Rs. 108
Selling price after the second discount = CP - Amount of discount = 720 - 108 = Rs. 612
Step 3: Calculate the total cost.
Total cost = CP + Delivery charges = 800 + 28 = Rs. 828
Step 4: Calculate the profit.
Profit = Selling price - Total cost = 612 - 828 = -216
Since the profit is negative, it means there is a loss.
Step 5: Calculate the loss percentage.
Loss percentage = (Loss / CP) * 100 = (216 / 828) * 100 = 26.09%
Since the loss percentage is 26.09%, the profit percentage will be 100% - 26.09% = 73.91%.
Therefore, the correct answer is option (d) 14%.
Note: It seems there might be an error in the given answer options as the calculated profit percentage is not one of the given options.
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Community Answer
A shopkeeper purchased a chair marked at Rs. 800 at two successive di...
Marked price of the chair was Rs. 800 .
1st discount = 10% of 800 = Rs. 80
New price = Rs.800 − Rs.80 = Rs.720
Now, 2nd discount =15% on Rs. 720
Final price for which shopkeeper purchased the chair = 720 − 108 = Rs.612
Total cost that shopkeeper had to pay = Rs. 612 + Rs. 28 (for delivery)
CP = Rs.640
Now, SP of the chair = Rs.800
Required gain percentage
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A shopkeeper purchased a chair marked at Rs. 800 at two successive discounts of 10% and 15%. He spent Rs. 28 on its delivery and sold the chair for Rs. 800. What was his profit percentage?a)40%b)30%c)25%d)14%Correct answer is option 'C'. Can you explain this answer?
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A shopkeeper purchased a chair marked at Rs. 800 at two successive discounts of 10% and 15%. He spent Rs. 28 on its delivery and sold the chair for Rs. 800. What was his profit percentage?a)40%b)30%c)25%d)14%Correct answer is option 'C'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about A shopkeeper purchased a chair marked at Rs. 800 at two successive discounts of 10% and 15%. He spent Rs. 28 on its delivery and sold the chair for Rs. 800. What was his profit percentage?a)40%b)30%c)25%d)14%Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper purchased a chair marked at Rs. 800 at two successive discounts of 10% and 15%. He spent Rs. 28 on its delivery and sold the chair for Rs. 800. What was his profit percentage?a)40%b)30%c)25%d)14%Correct answer is option 'C'. Can you explain this answer?.
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A shopkeeper purchased a chair marked at Rs. 800 at two successive discounts of 10% and 15%. He spent Rs. 28 on its delivery and sold the chair for Rs. 800. What was his profit percentage?a)40%b)30%c)25%d)14%Correct answer is option 'C'. Can you explain this answer?, a detailed solution for A shopkeeper purchased a chair marked at Rs. 800 at two successive discounts of 10% and 15%. He spent Rs. 28 on its delivery and sold the chair for Rs. 800. What was his profit percentage?a)40%b)30%c)25%d)14%Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of A shopkeeper purchased a chair marked at Rs. 800 at two successive discounts of 10% and 15%. He spent Rs. 28 on its delivery and sold the chair for Rs. 800. What was his profit percentage?a)40%b)30%c)25%d)14%Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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