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Profit, Loss & Discount · Question 52 of 72

Question 52

MediumOriginal question

A trader marks a fridge 35% above cost price and gives a 20% discount. His profit on the sale is ₹96. What is the cost price?

Options for question 52

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. Take CP = ₹100: MP = ₹135, SP = 80% of ₹135 = ₹108.

  2. So the profit is 8% of CP.

  3. 8% of CP = ₹96, so CP = 968×100=1200\frac{96}{8} \times 100 = 1200, that is ₹1,200.

Worth noting

₹640 uses 35%−20%=15%35\% - 20\% = 15\% as the profit rate. The real profit rate is 8%. ₹1,296 is the SP.

Concept
CP from the profit amount after markup and discount
Typical time
65 s
Your time
—
The rule this testsMarked price and discount
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