A saree bought for ₹500 is marked at 16% profit and later on sold at a sales discount of x% on the marked price. If the selling price of the saree is ₹493, find the value of x.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 15.
We know that
Discount = MP - SP
Profit = SP - CP
Now, according to the question
Profit = 16% = 16/100
MP = 116 × 5 = 580
Discount = x %
So,
⇒ 580 × (100 - x)/100 = 493
⇒ 58 × (100 - x) = 4930
⇒ 5800 - 58x = 4930
⇒ 58x = 870
⇒ x = 15