A retailer purchases a grinder at a discount of 15% of the whole seller and sales it for Rs. 1955 at a profit of 15%. The amount of discount received by the retailer from the whole seller was = ?
A. Rs. 720
B. Rs. 290
C. Rs. 300
D. Rs. 330
Answer: Option C
Solution(By Examveda Team)
Selling price of grinder = Rs. 1955$$\eqalign{ & {\text{Cost price of grinder}} \cr & {\text{= 1955}} \times \frac{{100}}{{115}} \cr & = {\text{Rs}}{\text{. 1700}} \cr & {\text{Marked price of grinder}} \cr & {\text{= 1700}} \times \frac{{100}}{{85}} \cr & = {\text{Rs}}{\text{. 2000}} \cr & {\text{Discount by the retailer }} \cr & {\text{= 2000}} \times \frac{{15}}{{100}} \cr & = {\text{Rs}}{\text{. 300}} \cr} $$
Related Questions on True Discount
The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:
A. 12%
B. 13%
C. 15%
D. 14%
A. Rs. 9025.20
B. Rs. 9200
C. Rs. 9600
D. Rs. 9560
A. Rs. 12,000 in cash
B. Rs. 12,880 at credit
C. Both are equally good
D. Rs. 18.33
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