Multiple choice

A trader buys some T-shirts at 10% rebate on printed price $Rs 450$ per piece. For a long time he could not sell any T-shirt, so he sells it for $Rs 360$ per piece. What amount of profit or loss per piece does he make? How much percentage of rebate does a customer earn?

  1. Loss Rs $70, 20%$ Rebate
  2. Loss Rs $45, 30%$ Rebate
  3. Loss Rs $45, 20%$ Rebate
  4. Loss Rs $55, 10%$ Rebate
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Printed price = 450. Trader buys at 10% rebate = 450 - 45 = 405. Trader sells at 360. Loss = 405 - 360 = 45. Customer rebate: The customer buys at 360, printed price 450. Rebate = (450-360)/450 = 90/450 = 20%.

AI explanation

Using the cost price calculation method after a rebate, the trader's cost price per T-shirt is 450 * (1 - 0.10) = Rs. 405. He sells it for Rs. 360, so using the profit and loss formula, his loss is 405 - 360 = Rs. 45. The customer rebate percentage is calculated on the printed price as ((450 - 360) / 450) * 100 = 20%. The final result is a Loss of Rs 45 and a 20% Rebate for the customer.

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