A tradesman gives 4 % discount on the marked | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(D) Let the $CP$ of each article be $Rs. 100$.Then the $CP$ of $16$ articles $= 16 	imes 100 = Rs. 1600$.Since the trader gains $35 \%$,the total $SP

Vedclass · Accepted Answer

$50$

Vedclass · Answer

(D) Let the $CP$ of each article be $Rs. 100$.Then the $CP$ of $16$ articles $= 16 	imes 100 = Rs. 1600$.Since the trader gains $35 \%$,the total $SP$ for $16$ articles is $1600 	imes 1.35 = Rs. 2160$.Since the customer gets $1$ article free for every $15$ bought,the customer receives $16$ articles for the price of $15$.Thus,the $SP$ of $15$ articles is $Rs. 2160$,which means the $SP$ of $1$ article is $2160 / 15 = Rs. 144$.Given a $4 \%$ discount on the marked price $(MP)$,we have $SP = MP 	imes (1 - 0.04) = 0.96 	imes MP$.$144 = 0.96 	imes MP \implies MP = 144 / 0.96 = Rs. 150$.The $MP$ is $Rs. 150$ and the $CP$ is $Rs. 100$.Therefore,the $MP$ is $(150 - 100) / 100 	imes 100 = 50 \%$ above the $CP$.

$A$ tradesman gives $4 \%$ discount on the marked price and gives one article free for buying every $15$ articles and thus gains $35 \%$. The marked price is approximately how much percent above the $CP$?

Similar Questions

$A$ man bought $500$ metres of electronic wire at $50$ paise per metre. He sold $50 \%$ of it at a profit of $5 \%$. At what percent should he sell the remainder so as to gain $10 \%$ on the whole transaction?

$A$ loss of $19 \%$ gets converted into a profit of $17 \%$ when the selling price is increased by $Rs. 162$. Find the cost price of the article in $Rs.$

Meenal purchased a car for $Rs. 2,50,000$ and sold it for $Rs. 3,48,000$. What is the percent profit she made on the car?

If the cost price of $20$ articles is equal to the selling price of $15$ articles,find the profit percent?

If profit is $\left(\frac{1}{11}\right)$ of the selling price,what is the profit percent?

Vedclass Test Series

Exam Paper Generator

Online Exam Module