Question

During the festival season, A shopkeeper marks up the rate of his silver products by $40\%$. If he increases the discount from $5\%$ to $10\%$, then the profit will decrease by Rs 14. How much profit will he get if he gives a discount of $20\%$ on the marked price?

• A. 28
• B. 32
• C. 24
• D. none of these

Answer 1

The correct option is C

24

Answer = Option c
Assume, CP =100
MP = 100 $\times$ 1.4=140
Initial discount = 5 $\%$ of 140 = Rs 7
New discount = 10$\%$ of 140 = Rs 14
Profit decreases by Rs 7
When profit decrease by Rs 7, CP = Rs 100
When profit decreases by Rs 14, CP = Rs 200
Actual, MP = 1.4 $\times$ 200 = 280
Discount of 20 $\%$ on MP implies SP = 0.8 $\times$ 280 =224

Profit = 224 - 200 = Rs.24