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Profit and Loss Practice Test 10
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© examsnet.com
Question : 21
Total: 28
Rahim bought a gift item for Rs 510 after getting a discount of 15%. He then sells it 5% above the marked price. The profit earned in this deal is:
Rs 150
Rs 120
Rs 100
Rs 90
Validate
Solution:
Marked price = x
Discount = 15%
S
P
=
x
−
15
100
x
=
510
x
=
510
×
100
85
=
600
Marked price = 600
Profit per cent = 5%
S
P
=
600
+
600
×
5
100
=
600
+
30
=
630
Profit earned in this deal = Rs 630 - Rs 510 = Rs 120
© examsnet.com
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