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A person buys a car marked at Rs. 300000 at successive discounts of 10% and 7.5%. If he sells the car at Rs. 254745, what is the profit or loss percent that he makes?1). 2% profit2). 2% loss3). 5% loss4). 5% profit |
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Answer» Marked Price of Car = Rs. 300000 After SUCCESSIVE discounts of 10% and 7.5%, SELL Price = Rs. 300000 × (0.9) × 0.925 = Rs. 249750 Cost price for the person = Rs. 249750 ∴ Sell price for the person = Rs. 254745 Profit = Rs. (254745 - 249750) = Rs. 4995 $(\therefore {\RM{Profit\% }} = {\rm{}}\frac{{4995}}{{249750}} \TIMES 100 = 2\% )$ |
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