Quote:
Originally Posted by CaRbOnZ Hey pguyz ,
Please help me out with this question frm profit n loss chapter.......
A trader marks up an article by x% and gives a discount of y/2 % and gets a profit of y%. Another trader marks up another article by y% and gives a discount of x/2% and gets a loss of x/4%. If I mark up an article by 2x% which I bought for Rs. 500 and give a discount of y% on the article , then what would be my profit ????
a) Rs.250
b) Rs.500
c) Rs.100
d) Cannot be determined |
assuming mark up is on the CP and the CP = 100, now using "A trader marks up an article by x% and gives a discount of y/2 % and gets a profit of y%. "
we can say x = 100 and y = 50 ( 100% increase on 100 is 200, now (50/2)% decrease on 200 is 150 which is 50% more than 100)
Using this 2x = 200% and y = 50 and the answer = 1500*(50/100) = 750 which gives a profit of
250.
Note:
Here the second statement "Another trader marks up
another article by y% and gives a discount of x/2% and gets a loss of x/4%." is redundant, and the highlighted word should give us the clue.
Because if we take CP = 100 here, we get by applying 50% (y%)mark up = 150, then 100/2% discount 75, which gives us a loss of 25 which is 100/4 which is x/4%. Hence this is statement would also have given us the same answer.
Let me know if i am right...
Rock on!
hameed