Multiple choice

Passage

Directions: Study the given information and answer the following question. The following table gives the discount offered by 5 different hardware stores on various items. Shop/Item Nuts Bolts Washers Screws Shop A - - 10% 10% Shop B - - 5% - Shop C 10% - - - Shop D - 5% - 10% Shop E - - - -

Shop C sources its nuts at a price of Rs. 90/kg and sells them at a profit margin of 20%. What is the discount on nuts offered by shop A if it marks their price Rs. 30 more than what it sells them for, that being equal to the marked price at shop C?

  1. 10%

  2. 15%

  3. 20%

  4. 22.5%

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

Shop C nuts: CP = 90, Profit = 20% of 90 = 18. Selling price = 108. Shop C discount is 10%, so Marked Price = 108 / 0.9 = 120. Shop A marked price = 120 + 30 = 150. Shop A sells at 120 (same as Shop C marked price). Discount = (150 - 120) / 150 = 30 / 150 = 20%.

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