Charging 30% above its production cost a radio maker puts a label of Rs. 286 on a radio as is price. But at the time of selling it, he allows 10% discount on the labelled price. What will his gain be ?
A. Rs. 257.40
B. Rs. 254.40
C. Rs. 198
D. Rs. 37.40
Answer: Option D
Solution(By Examveda Team)
$$\eqalign{ & {\text{Cost of ratio}} \cr & = \frac{{286}}{{130}} \times 100 \cr & = {\text{Rs}}{\text{. 220}} \cr & {\text{Selling price of ratio}} \cr & = 286 \times \frac{{90}}{{100}} \cr & = {\text{Rs 257}}{\text{.40}} \cr & {\text{Profit}} = 257.40 - 220 \cr & = {\text{Rs 37}}{\text{.40}} \cr} $$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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