Multiple choice

A shopkeeper purchased a chair marked at Rs. 800 at two successive discounts of 10% and 15%. He spent Rs. 28 on its transportation and sold the chair for Rs. 800. What is his profit percentage?

  1. 40%

  2. 30%

  3. 25%

  4. 14%

  5. 12%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Marked price = 800. After 10% discount, 720. After 15% discount on 720, 720 * 0.85 = 612. Total cost = 612 + 28 = 640. Selling price = 800. Profit = 800 - 640 = 160. Profit % = (160 / 640) * 100 = 25%.

AI explanation

The shopkeeper buys the chair at successive discounts of 10% and 15% on the marked price of 800, making the purchase price 800 multiplied by 0.9 and then by 0.85, which is 612. Adding 28 for transportation makes the total cost price 640. Selling the chair for 800 yields a profit of 160, so the profit percentage is (160 divided by 640) multiplied by 100, which equals 25%.

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