Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A shopkeeper offers his customers a discount of 10%. On an item marked at a price of ₹400, which was a little damaged, he offered additional discount of 10%. At what price (in ₹) is the item available to customers?

Options:

340

324

320

300

Correct Answer:

324

Explanation:

MP of the item = Rs. 400

Discount % for 1st and 2nd = 10%

SP = MP - (MP × Discount%)

Price after 1st discount = 400 - (400 × 10%)

⇒ 360

Price after 2nd discount = 360 - (360 × 10%)

⇒ 324

So, the cost price of the customers after two discounts = Rs. 324