Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2007 · Marks: · Difficulty:
An article is listed at ₹ 900 and two successive discounts of 8\% and 8\% are given on it. How much would the seller gain or lose, if he gives a single discount of 16\%, instead of two discounts?
(a)Gain of ₹ 4.76
(b)Loss of ₹ 5.76
(c)Loss of ₹ 4.76
(d)Gain of ₹ 5.76
Answer
Answer (as printed): B
Explanation
Loss = ₹ [(92\% of 92\% of 900) - (84\% of 900)] $$\begin{aligned} & =₹\left[\left(\frac{92}{100} \times \frac{92}{100} \times 900\right)-\left(\frac{84}{100} \times 900\right)\right] \\ & =₹(761.76-756)=₹ 5.76 . \end{aligned}$$
Explanation as extracted from the printed page; notation may be imperfect.