Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A shopkeeper bought a machine for ₹4600 and spent ₹500 on its repairs and transport. He marked the machine at 8% above the over all cost price. If he sold the machine for ₹4681.80 after giving x% discount, then the value of x is:

Options:

15

20

12

18

Correct Answer:

15

Explanation:

CP of a machine = Rs. 4600

Money spent on repairs and transport = Rs. 500

He marked the machine at 8% above the price overall cost price

SP of a machine = Rs. 4681.80

Marked price = 108% of  (4600 + 500) =  5508

Discount = 5508 - 4681.8 = 826.2

Discount% = \(\frac{826.2 × 100}{5508}\) = 15%