A shopkeeper sells a badminton racket, whose marked price is Rs. 30, at a discount of 15% and gives a shuttle cock costing Rs. 1.50 free with each racket. Even then he makes a profit of 20% . His cost price per racket is.
A. Rs. 19.75
B. Rs. 20
C. Rs. 21
D. Rs. 21.25
Answer: Option B
Solution(By Examveda Team)
$$\eqalign{ & {\text{Marked Price}} = {\text{Rs}}{\text{.30}}{\text{}} \cr & {\text{Selling Price}} \cr & = {\text{Rs}}{\text{.}}\left[ {\left( {\frac{{85}}{{100}} \times 30} \right) - 1.50} \right] \cr & = {\text{Rs}}{\text{.}}\left( {25.50 - 1.50} \right) \cr & = {\text{Rs}}{\text{.2}}4. \cr & {\text{Let C.P. be }}{\text{Rs}}{\text{. }}x \cr & {\text{Then,}} \cr & {\text{120}}\% {\text{ of }}x = {\text{24}} \cr & \Rightarrow x = \left( {\frac{{24 \times 100}}{{120}}} \right) \cr & \,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{. }}20 \cr} $$Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
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