Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A company bought a machine for ₹40000 and spent ₹10000 on its repairs. After some time, the machine was sold for ₹45000. How much discount was offered?

Options:

5%

$\frac{100}{9}$%

10%

$7\frac{1}{2}$%

Correct Answer:

10%

Explanation:

Cost price of the machine = 40000

Spent on repair = 10000

Total cost price = 45000 + 5000 = 50000

Selling price of the machine = 45000

So the discount % = ( 50000 - 45000 ) × \(\frac{100}{50000}\) = 10%