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If the ratio of the marked price to the cost price of the mobile is 6:5 and the shopkeeper offers a discount of 8% on the marked price of the mobile. If the difference between the selling and marked price of the mobile is Rs.2400, then find the profit earned by the shopkeeper.
  • a)
    Rs.2400
  • b)
    Rs.2500
  • c)
    Rs.2600
  • d)
    Rs.2800
  • e)
    None of these
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
If the ratio of the marked price to the cost price of the mobile is 6...
CP of mobile = 5x
MP of mobile = 6x
SP of mobile = 6x * 92/100 = 5.52x
6x – 5.52x = 2400
x = 5000
SP = 5.52 * 5000 = 27600
CP = 5 * 5000 = 25000
Profit = 27600 – 25000 = Rs.2600
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Community Answer
If the ratio of the marked price to the cost price of the mobile is 6...
To find the profit earned by the shopkeeper, we need to understand the given information and calculate the relevant values.

Given:
Ratio of marked price to cost price = 6:5
Discount offered by shopkeeper = 8%
Difference between selling price and marked price = Rs. 2400

Step 1: Calculating the Cost Price (CP)
Let's assume the cost price of the mobile is 'x'.
According to the given ratio, the marked price will be 6x and the cost price will be 5x.

Step 2: Calculating the Selling Price (SP)
The shopkeeper offers a discount of 8% on the marked price.
So, the selling price will be 92% of the marked price.
Selling Price (SP) = 92% of Marked Price (MP)
SP = (92/100) * 6x
SP = 552x/100

Step 3: Calculating the Profit
Profit (P) = Selling Price (SP) - Cost Price (CP)
P = (552x/100) - 5x
P = (552x - 500x)/100
P = 52x/100
P = 13x/25

Step 4: Using the Difference between Selling Price and Marked Price
Given that the difference between the selling price and marked price is Rs. 2400.
Selling Price - Marked Price = Rs. 2400
(552x/100) - 6x = 2400
552x - 600x = 240000
-48x = 240000
x = -240000/-48
x = 5000

Step 5: Calculating the Profit Earned
Substituting the value of x in the profit equation:
P = 13x/25
P = 13 * 5000 / 25
P = 2600

Therefore, the profit earned by the shopkeeper is Rs. 2600.
Hence, option C is the correct answer.
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If the ratio of the marked price to the cost price of the mobile is 6:5 and the shopkeeper offers a discount of 8% on the marked price of the mobile. If the difference between the selling and marked price of the mobile is Rs.2400, then find the profit earned by the shopkeeper.a)Rs.2400b)Rs.2500c)Rs.2600d)Rs.2800e)None of theseCorrect answer is option 'C'. Can you explain this answer?
Question Description
If the ratio of the marked price to the cost price of the mobile is 6:5 and the shopkeeper offers a discount of 8% on the marked price of the mobile. If the difference between the selling and marked price of the mobile is Rs.2400, then find the profit earned by the shopkeeper.a)Rs.2400b)Rs.2500c)Rs.2600d)Rs.2800e)None of theseCorrect answer is option 'C'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about If the ratio of the marked price to the cost price of the mobile is 6:5 and the shopkeeper offers a discount of 8% on the marked price of the mobile. If the difference between the selling and marked price of the mobile is Rs.2400, then find the profit earned by the shopkeeper.a)Rs.2400b)Rs.2500c)Rs.2600d)Rs.2800e)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the ratio of the marked price to the cost price of the mobile is 6:5 and the shopkeeper offers a discount of 8% on the marked price of the mobile. If the difference between the selling and marked price of the mobile is Rs.2400, then find the profit earned by the shopkeeper.a)Rs.2400b)Rs.2500c)Rs.2600d)Rs.2800e)None of theseCorrect answer is option 'C'. Can you explain this answer?.
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