Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A merchant gives an additional discount of 10% on the product after an initial discount of 20% on the listed price. He managed to make a 10% profit by selling the product for ₹54,000. What was the listed price of the product?

Options:

₹77,500

₹77,000

₹75,000

₹72,500

Correct Answer:

₹75,000

Explanation:

Initial discount = 20%

Additional discount = 10%

Selling price = Rs.54000

ATQ,

54000 = \(\frac{4}{5}\)× \(\frac{9}{10}\)× M.P.

M.P. = Rs75,000