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13. Profit, Loss, Discount and Value Added Tax (VAT)
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Q20 of 70 Page 13

A cycle merchant allows 20% discount on the marked price of the cycles and still makes a profit of 20%. If he gains Rs. 360 over the sale of one cycle, find the marked price of the cycle.

Given,


Gain on one cycle = Rs.360


Gain = 20%


Gain % =


= 20 =


= CP = Rs. 1800


Selling price =


DISCOUNT = 20% Given


Hence,


Marked price =


Marked price of one cycle = Rs.2700


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18

The list price of a table fan is Rs. 480 and it is available to a retailer at 25% discount. For how much should a retailer sell it to gain 15%?

19

Rohit buys items at 25% discount on the marked price. He sells it for Rs. 660, making a profit of 10%. What is the marked price of the item?

21

Jyoti and Meena run a ready-made garment shop. They mark the garments at such a price that even after allowing a discount of 12.5%, they make a profit of 10%. Find the marked price of a suit which costs them Rs. 1470.

22

What price should Aslam mark on a pair of shoes which costs him Rs. 1200 so as to gain 12% after allowing a discount of 16%?

Questions · 70
13. Profit, Loss, Discount and Value Added Tax (VAT)
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