Gopi marks a price on a product in order to make 20% profit. Ravi gets 10% discount on this marked price, and thus saves Rs 15. Then, the profit, in rupees, made by Gopi by selling the product to Ravi, is
Question:
Gopi marks a price on a product in order to make 20% profit. Ravi gets 10% discount on this marked price, and thus saves Rs 15. Then, the profit, in rupees, made by Gopi by selling the product to Ravi, is
Gopi marks a price on a product in order to make 20% profit. Ravi gets 10% discount on this marked price, and thus saves Rs 15. Then, the profit, in rupees, made by Gopi by selling the product to Ravi, is
Options
Answer: 10
Explanation:
Step 1: Let the cost price be C Gopi marks a price to make 20% profit → Marked price (M) = C × 1.2 Ravi gets 10% discount → Selling price (S) = M × 0.9 = 1.2C × 0.9 = 1.08C Discount given = M − S = 1.2C − 1.08C = 0.12C We are told Ravi saves Rs 15 → 0.12C = 15 → C = 125 Step 2: Profit made by Gopi Selling price = S = 1.08 × 125 = 135 Cost price = 125 Profit = S − C = 135 − 125 = 10
Explanation:
Step 1: Let the cost price be C Gopi marks a price to make 20% profit → Marked price (M) = C × 1.2 Ravi gets 10% discount → Selling price (S) = M × 0.9 = 1.2C × 0.9 = 1.08C Discount given = M − S = 1.2C − 1.08C = 0.12C We are told Ravi saves Rs 15 → 0.12C = 15 → C = 125 Step 2: Profit made by Gopi Selling price = S = 1.08 × 125 = 135 Cost price = 125 Profit = S − C = 135 − 125 = 10
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