Multiple choice

Passage

Directions: Read the following information carefully to answer the question that follows. Amount spent by five friends on electronic items. Names/Articles Refrigerator Air Conditioner Laptop Total Manpreet Rs. 26,000 Rs. 21,000 Madhav Rs. 35,000 Rs. 35,000 Rs. 24,000 Rs. 94,000 Rahul Rs. 22,000 Rs. 32,000 Amit Rs. 21,000 Rs. 36,000 Girish Rs. 35,000 Rs. 93,000

If the shopkeeper sold air conditioner after offering 37% discount to Amit and still earned 32% profit, what was the difference between the price at which the shopkeeper bought the air conditioner and the marked price of the air conditioner on which Amit was offered the discount?

  1. Rs. 24,560

  2. Rs. 29,870

  3. Rs. 31,000

  4. Rs. 35,691

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

The selling price of the air conditioner for Amit is Rs. 36,000. The shopkeeper offered a 37% discount, so Rs. 36,000 equals 63% of the marked price, making the marked price Rs. 36,000 / 0.63 = Rs. 57,142.85. The shopkeeper earned a 32% profit, so the cost price is Rs. 36,000 / 1.32 = Rs. 27,272.72. The difference between the marked price and the cost price is Rs. 57,142.85 - Rs. 27,272.72 = Rs. 29,870.13, which rounds to Rs. 29,870. The answer is Rs. 29,870.

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