A mechanic purchases a scooter with marked price of Rs. 2600 at successive discounts of 10% and 5%. If he spent Rs. 477 for its repair etc.… — Answer & Discussion

A mechanic purchases a scooter with marked price of Rs. 2600 at successive discounts of 10% and 5%. If he spent Rs. 477 for its repair etc. and sold it for Rs. 2835, then the profit or loss percent in this deal is

A5% profit
B5% loss
C7% profit
D7% loss

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Discussion 1

CCommunity04 Jun 2019

Given,

Marked price of scooter = Rs. 2600

Successive discounts = 10% and 5%.

Successive discounts equal to one single discount = (10 + 5) - (10 × 5)/100 = 14.5

⇒ Single discount = 100 - 14.5 = 85.5

Cost price of scooter after discounts = 2600 × (85.5/100) = 2223

Given,

Cost of scooter after repairing = 2223 + 477 = 2700

⇒ Selling price of scooter = 2835

Profit percentage

= [(2835 - 2700)/2700] × 100

= 5

∴ Profit percentage is 5%.