A ruby stone was bought for Rs. 1600 at Jaipur. A sum of Rs. 2400 was spent on making a ring with the ruby stone. It was advertised for sale at Bombay for Rs. 7800. If a discount of 10% was given, then the % profit made was….
Anand marks up the price of an article by 50% and then allows a discount of 20% and sells it to Balaji. Balaji sells it for Rs 20 more than what he purchased for, this S.P is 30% more than the original C.P. of the article. Then Balaji's profit % is….
Correct Answer is: 8.33%
C.P. for Anand = Rs x
M.P. = x + 50/100 × x = 1.5x
S.P. by Anand = C.P. of Balaji = 1.5x - 1.5x * 20/100 = 1.2x
S.P. by Balaji = (1.2x + 20)
According to question: S.P. by Balaji = 30% more than original CP