Multiple choice

The marked price of a power bank is Rs. 2400. Nelson, the shopkeeper, allows a discount of 10% and gains 8%. If he does not give any discount, what will be his profit/loss percent?

  1. 18%

  2. 20%

  3. 22%

  4. 25%

  5. 27.5%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Marked Price = 2400. Discount 10% means Selling Price = 2160. Gain 8% means Cost Price = 2160 / 1.08 = 2000. If no discount, Selling Price = 2400. Profit = 2400 - 2000 = 400. Profit % = (400 / 2000) * 100 = 20%.

AI explanation

The selling price after a 10% discount on the marked price of Rs. 2400 is 2400 multiplied by 0.9, resulting in Rs. 2160. This selling price yields an 8% profit, so the cost price is 2160 divided by 1.08, resulting in Rs. 2000. If no discount is given, the new selling price will be Rs. 2400, making the profit 2400 - 2000 = Rs. 400. The profit percentage is (400 / 2000) multiplied by 100, resulting in 20%.

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