Multiple choice

A bicycle is sold by a shopkeeper for Rs. 8595 with a discount of 8% and earned a profit of 15%. What would have been the approximate percentage of profit earned, if no discount was offered?

  1. 25%

  2. 9%

  3. 5%

  4. 10%

  5. 48%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Selling Price = 8595, Discount = 8%. Marked Price = 8595 / 0.92 = 9342.39. Profit = 15%, so Cost Price = 8595 / 1.15 = 7473.91. If no discount, SP = MP = 9342.39. Profit = 9342.39 - 7473.91 = 1868.48. Profit % = (1868.48 / 7473.91) * 100 = 25%.

AI explanation

The marked price is 8595 divided by 0.92, which equals 9342.39. The cost price is 8595 divided by 1.15, which equals 7473.91. If no discount is offered, the profit is 9342.39 minus 7473.91, equalling 1868.48, and dividing this by the cost price gives (1868.48 / 7473.91) multiplied by 100, resulting in approximately 25%.

Keep practicing — related questions