Question
Download Solution PDFA saree bought for Rs. 500 is marked at 16% profit and later on sold at a sales discount of x% on the marked price. If the selling price of the saree is Rs. 493, find the value of x.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven :
CP = Rs.500
Profit = 16%
Discount = x %
SP = Rs.493
Formula Used :
Discount = MP - SP
Profit = SP - CP
Calculation :
Profit = 16% = 16/100
MP = 116 × 5 = 580
Discount = x %
So,
⇒ 580 × (100 - x)/100 = 493
⇒ 58 × (100 - x) = 4930
⇒ 5800 - 58x = 4930
⇒ 58x = 870
⇒ x = 15
∴ The correct answer is 15.
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