Question

A saree trader brings some sarees at $25\%$ rebate on $Rs1600$ printed price. He sells each scree at $Rs1440$ per piece. What amount of profit or loss does he make? How much percentage of rebate does a customer earn?

• A. $Rs180$ Profit, $15\%$ Rebate
• B. $Rs240$ Profit, $10\%$ Rebate
• C. $Rs100$ Profit, $18\%$ Rebate
• D. None of these

Answer 1

The correct option is B $Rs240$ Profit, $10\%$ Rebate

$\text{discount \% availed by the trader = 25\%}$
$\text{Printed price of the saree = Rs 1600}$
$\text{Actual Cost Price of the saree = Rs 1600 - 1600}$ $\times \frac{25}{100}=Rs1600-400=Rs1200$
$\text{Now Selling price of the saree = Rs 1440.}$
$\text{Profit = Selling price - Cost Price = Rs 1440 - Rs 1200 = Rs 240.}$
$rebate=\text{Print price - selling price}=1600-1440=160$
$rebate\%=\frac{rebate}{printprice}\times 100=\frac{160}{1600}\times 100=10\%$