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Profit and Loss Practice Test 4
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© examsnet.com
Question : 11
Total: 40
A retailer buys a sewing machine at a discount of 15% and sells it for Rs 1,955. Thus, he makes a profit of 15%. The discount is:
Rs 300
Rs 290
Rs 270
Rs 350
Validate
Solution:
Price of the machine = x
CP of the machine
=
x
−
15
100
x
=
85
100
x
SP of the machine = 1,955
Profit = 15%
SP = CP + profit %
1955
=
85
100
x
+
15
100
×
85
100
x
1955
=
391
400
x
x
=
2000
Discount per cent on machine = 15%
Discount price
=
15
×
2000
391
=
300
© examsnet.com
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