Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A manufacturer who marks the price of an article at 1,800, sells it to a dealer at a discount of 15%. The dealer gets a further discount of 8% on his net payment for paying in cash. What amount (to the nearest rupee) does the dealer pay to the manufacturer?

Options:

1,500

1,408

1,530

1,378

Correct Answer:

1,408

Explanation:

Marked price of the article = 1800

Discounts given = 15% and 8%

Selling price of the article = 1800 × \(\frac{85}{100}\) ×  \(\frac{92}{100}\) 

Selling price of the article  = 1,408(Approx)