Multiple choice

A TV set having a marked price of Rs. 15,000 is sold by a company to a dealer. The dealer gets 15% discount on it. The dealer then sells this set with 15% profit on the marked price, but also at the same time he gives Rs. 750 rebate on it. Find the profit percentage of the dealer.

  1. 30%

  2. 29.40%

  3. 30.50%

  4. 29%

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Marked Price = 15000. Dealer cost = 15000 * 0.85 = 12750. Dealer selling price = 15000 * 1.15 - 750 = 17250 - 750 = 16500. Profit = 16500 - 12750 = 3750. Profit % = (3750 / 12750) * 100 = 29.41%.

AI explanation

The dealer buys the TV for 15% below the marked price of Rs. 15,000, so the cost price to the dealer is Rs. 12,750. The dealer sells the TV at a 15% profit on the marked price, which is Rs. 17,250, but provides a Rs. 750 rebate, making the final selling price Rs. 16,500. The profit is Rs. 16,500 minus Rs. 12,750, which equals Rs. 3,750. Using the profit percentage formula, we get (3750 / 12750) multiplied by 100, resulting in a profit of 29.40%.

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