Question

A dealer buys an article marked at Rs.1000 with 10% and 15% discount. He spends Rs.135 on its repair and sold it at Rs.1200. Find his profit or loss%
1. 33.33% profit
2. 33.33% loss
3. 25% profit
4. 25% loss

Answer 1

Correct Answer - Option 1 : 33.33% profit

Given

Marked price = Rs.1000

Two discounts are 10% and 15%

SP = Rs.1200

Concept used

Profit and loss

Calculation

Price after 10% and 15% discount 

⇒ \(1000 × \frac{{90}}{{100}} × \frac{{85}}{{100}}\)

Cost price = Rs.765

He spent Rs.135 on its repair

Total CP = Rs.765 + Rs.135

Total CP = Rs.900

SP = Rs.1200

Gain = 1200 - 900

Gain = Rs.300

Profit% = (300/900) × 100

Profit% = 1/3 × 100

Profit% = 33.33%

∴ The profit% is 33.33%.