Question

A trader buys some TVs at $20\%$ rebate on printed price $Rs18,000$. For a long time he could not sell any TV. So he sells it by giving a rebate of $Rs2700$ on printed price, what amount of profit or loss does he make? How much percentage of rebate does a customer earn?

• A. Profit $=Rs.500,20\%$ Rebate
• B. Profit $=Rs.100,25\%$ Rebate
• C. Profit $=Rs.900,15\%$ Rebate
• D. None of these

Answer 1

Answer: (C)

Profit $=Rs.900,15\%$ Rebate

$\text{Discount \% = 20}$

$\text{Marked Price = Rs 18000}$

$\text{Cost Price = Rs 18000 - 18000}$ x $\frac{20}{100}=Rs14400$

$\text{Discount offered by trader = Rs 2700.}$

$\text{Selling Price = Rs 18000 - Rs 2700 = Rs 15300 (discount is offered on printed price)}$

$\text{Profit = Selling Price - Cost Price = Rs 15300 - Rs 14400 = Rs 900}$

$Rebate\%=\frac{discount}{MarkedPrice}\times 100$

$Rebate\%=\frac{2700}{18000}\times 100=15\%$