Multiple choice

Retailer mark up an article 35% above its cost price and earn Rs 96 by giving 20% discount on the marked price. If he sells article at 15% discount on marked price then, find retailer’s profit on selling one article.

  1. 189

  2. 192

  3. 161

  4. 177

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

Let CP = 100x. MP = 135x (35% markup). At 20% discount: SP = 0.8 × 135x = 108x. Profit = 108x - 100x = 8x = Rs 96, so x = 12. CP = Rs 1200, MP = Rs 1620. At 15% discount: SP = 0.85 × 1620 = Rs 1377. Profit = 1377 - 1200 = Rs 177.

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