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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
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B
Rs240 Profit, 10% Rebate
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C
Rs100 Profit, 18% Rebate
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D
None of these
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Solution

The correct option is B Rs240 Profit, 10% Rebate
discount % availed by the trader = 25%
Printed price of the saree = Rs 1600
Actual Cost Price of the saree = Rs 1600 - 1600 ×25100=Rs1600400=Rs1200
Now Selling price of the saree = Rs 1440.
Profit = Selling price - Cost Price = Rs 1440 - Rs 1200 = Rs 240.
rebate=Print price - selling price=16001440=160
rebate%=rebateprintprice×100=1601600×100=10%

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