Profit and Loss
- The cost of servicing of a Maruti car at Maruti care Pvt. Ltd. is Rs. 400. Manager of service center told me that for the second service within a year a customer can avail a 10% discount and further for third and forth servicing he can avail 10% discount of the previous amount paid, within a year Further if a customer gets more than 4 services within a year he has to pay just 60% of the servicing charges on these services. A customer availed 5 services from the same servicing station, What is the total percentage discount fetched by the customer?
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Amount paid in 1st service = 100 (suppose)
Amount paid in 2nd service = 90
Amount paid in 3rd service = 81
Amount paid in 4th service = 72.9
Amount paid in 5th service = 60
Total amount paid = 403.9
Discount = 500 - 403.9 = 96.1Correct Option: A
Amount paid in 1st service = 100 (suppose)
Amount paid in 2nd service = 90
Amount paid in 3rd service = 81
Amount paid in 4th service = 72.9
Amount paid in 5th service = 60
Total amount paid = 403.9
Discount = 500 - 403.9 = 96.1
Discount % = 96.1 / 500 X 100 = 19.42%
- I wanted to purchase 10 chairs for the class room whose cost was Rs. 200 each. the trader offered me a discount if I were to purchase a set of 12 chairs. So I calculated that if I assume the normal price of 10 chairs then we can purchase 2 extra chairs which cost me only Rs. 80 each of two chairs at the cost price of 12 chairs after discount. What is the percentage discount?
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Price of 10 chairs = 10 x 200 = 2000
Price of 12 chairs (without discount)= 12 x 200 = 2400
Price of 12 chairs (with discount) = 10 x 200 + 2 x 80 = 2160
Therefore discount = 2400 - 2160 = 240Correct Option: D
Price of 10 chairs = 10 x 200 = 2000
Price of 12 chairs (without discount)= 12 x 200 = 2400
Price of 12 chairs (with discount) = 10 x 200 + 2 x 80 = 2160
Therefore discount = 2400 - 2160 = 240
Hence discount % = (240 / 2400) x 100 = 10%
- The price of an article reduces to 576 after two successive discounts. The markup is 80% above the cost price of Rs. 500.What is the new profit percentage if instead of two successive discount the markup price was further increased successively two times by the same percentage?
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Cost price (CP) = 500
Selling Price (SP) = 576
Markup price (MP) = 900
Again SP = MP [( 1 - r/100)2] [r - rate of discount in %]Correct Option: C
Cost price (CP) = 500
Selling Price (SP) = 576
Markup price (MP) = 900
Again SP = MP [( 1 - r/100)2] [r - rate of discount in %]
? 576 = 900 (1 - r/100)2
? 24/30 = (1 - r/100)
? r = 20%
Again, new SP = MP (1 + r/100)2
= 900 (1 + 20/100)2
= 1296
New, profit percentage = [(SP - CP)/CP] X 100
= [( 1296 - 500 ) / 500 ] x 100 = 159.2%
