A shopkeeper purchased a chair marked at Rs. 600 at two successive discounts of 15% and 20% respectively, he spent Rs. 28 on transportation and sold the chair for Rs. 545. His gain percent was = ?
A. 25%
B. 30%
C. 35%
D. 20%
Answer: Option A
Solution(By Examveda Team)
Marked price of chair = Rs. 600After discount, cost price
$$\eqalign{ & {\text{ = 600}} \times \frac{{85}}{{100}} \times \frac{{80}}{{100}} \cr & = {\text{Rs}}{\text{. }}408 \cr} $$
After transportation charges cost price
$$\eqalign{ & = 408 + 28{\text{ }} \cr & {\text{ = Rs}}{\text{. 436}} \cr & {\text{Gain }}\% \cr & = \frac{{545 - 436}}{{436}} \times 100\% \cr & = \frac{{109}}{{436}} \times 100\% \cr & = 25\% \cr} $$
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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