If a seller gives a discount of 15% on retail price, she still makes a profit of 2%. Which of the following ensures that she makes a profit of 20%?

Give a discount of 5% on retail price.

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Give a discount of 2% on retail price.

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Increase the retail price by 2%

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Sell at retail price

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Solution

The correct option is D
Sell at retail price

Let the cost price be Rs. 100
Then selling price = $100 + (\frac{2}{100}) \times 100 = R s . 102$
Retail price = $\frac{(102 \times 100)}{85} = R s . 120$
Now for 20% profit to be realised,
Clearly, the seller has to sell the item at retail price.

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If a seller gives a discount of 15% on retail price, she still makes a profit of 2%. Which of the following ensures that she makes a profit of 20%?

The correct option is D Sell at retail price Let the cost price be Rs. 100 Then selling price =100+(2100)×100=Rs.102 Retail price = (102×100)85=Rs.120 Now for 20% profit to be realised, Clearly, the seller has to sell the item at retail price.

The correct option is D
Sell at retail price

Let the cost price be Rs. 100
Then selling price = $100 + (\frac{2}{100}) \times 100 = R s . 102$
Retail price = $\frac{(102 \times 100)}{85} = R s . 120$
Now for 20% profit to be realised,
Clearly, the seller has to sell the item at retail price.