A person first increases the price of a commodity by 10% and then he announces a discount of 15%. The actual… · ABC26GN2820
Subject: General Aptitude · Chapter: Profit and Loss · Exam: M.C.A., 2005; R.R.B. 2009
A person first increases the price of a commodity by 10% and then he announces a discount of 15%. The actual discount on the original price is
(a)5%
(b)6.5%
(c)7.5%
(d)12.5%
Answer
Answer (as printed): B
Explanation
Let the original price of the commodity be ` 100. Increased price = ` 110. Price after discount 85 = 85% of ` 110 = ` × 110 = ` 93.50. 100 \ Discount on original price = (100 – 93.5)% = 6.5%.
Explanation as extracted from the printed page; notation may be imperfect.