Multiple choice

The marked price of a table is 800. A retailer bought it after two successive discounts of 10% and 15%. He spent 13 on transportation and sold it for 875. His profit was

  1. 40%

  2. 37%

  3. 28%

  4. 25%

  5. 0
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The purchase price is 800 * 0.9 * 0.85 = 612. Adding 13 for transportation, the total cost is 625. Selling at 875 yields a profit of 250, and 250/625 = 0.4, which is 40%.

AI explanation

The retailer's cost price after successive discounts of 10% and 15% is 800 * 0.90 * 0.85 = 612. Adding 13 for transportation makes the total cost price 625. Using the profit percentage formula, profit percentage equals [(875 - 625) / 625] * 100, which equals (250 / 625) * 100 = 40%.

Keep practicing — related questions