Question:
After reducing the marked price of a table by 125 rupees, a carpenter makes a profit of 20%. If the cost price is 875 rupees, what percentage of profit would he have gained if he had sold the table only at a discount of 20%?
After reducing the marked price of a table by 125 rupees, a carpenter makes a profit of 20%. If the cost price is 875 rupees, what percentage of profit would he have gained if he had sold the table only at a discount of 20%?
Updated On: Aug 31, 2024
- 7.34
- 7.43
- 5.53
- 6.91
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The Correct Option is B
Solution and Explanation
Given, C.P. = 875, Profit = 20%
⇒ S.P. = 875×1.2 = 1050
⇒ M.P. = 1050+125 = 1175
Now, S.P. (at 20% discount) = 1175×0.8 = 940
⇒ Profit (%) = \(\frac{940-875}{875}\)× 100 = 7.43
So, the correct option is (B): 7.43.
⇒ S.P. = 875×1.2 = 1050
⇒ M.P. = 1050+125 = 1175
Now, S.P. (at 20% discount) = 1175×0.8 = 940
⇒ Profit (%) = \(\frac{940-875}{875}\)× 100 = 7.43
So, the correct option is (B): 7.43.
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