Ramesh bought a table of cost Rs. 5000. After a successive discount

1.	Ramesh bought a table of cost Rs. 5000. After a successive discount of 22 percent and 37 percent, He spent ₹ 543 on transportation and sold the table at ₹ 4200. What is the percentage profit?1. 50 2. 603. 404. 455. 55
Answer» Correct Answer - Option 3 : 40 Given: Marked price of the table = ₹ 5000 Successive discount = 22 percent and 37 percent Selling price of the table = ₹ 4200 Transportation charges = ₹ 543 Formula used: Profit = Selling price – Cost price Discount = Marked price – Selling price Profit percentage = (Profit/Cost price) × 100 Discount percentage = (Discount/Marked price) × 100 Calculation: Cost price of the table = 5000 × [(100 – 22)/100] × [(100 – 37)/100] ⇒ 5000 × (78/100) × (63/100) = 2457 Total cost price of the table = 2457 + 543 = 3000 Profit on table = 4200 – 3000 = 1200 Profit percentage = (1200/3000) × 100 = 40% ∴ The profit percentage after selling the table is 40%.

Ramesh bought a table of cost Rs. 5000. After a successive discount of 22 percent and 37 percent, He spent ₹ 543 on transportation and sold the table at ₹ 4200. What is the percentage profit?1. 50 2. 603. 404. 455. 55

Answer» Correct Answer - Option 3 : 40

Given:

Marked price of the table = ₹ 5000

Successive discount = 22 percent and 37 percent

Selling price of the table = ₹ 4200

Transportation charges = ₹ 543

Formula used:

Profit = Selling price – Cost price

Discount = Marked price – Selling price

Profit percentage = (Profit/Cost price) × 100

Discount percentage = (Discount/Marked price) × 100

Calculation:

Cost price of the table = 5000 × [(100 – 22)/100] × [(100 – 37)/100]

⇒ 5000 × (78/100) × (63/100) = 2457

Total cost price of the table = 2457 + 543 = 3000

Profit on table = 4200 – 3000 = 1200

Profit percentage = (1200/3000) × 100 = 40%

∴ The profit percentage after selling the table is 40%.

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