Rohini buys a Bluetooth headphone set for ₹1,700 from a wholesale shop and marks it at ₹2,000. Later on, she allows a discount of 40% on its sale. What is her loss or gain percentage (correct up to two decimal places)?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 29.41%.
Rohini buys a Bluetooth headphone set for ₹1,700 from a wholesale shop and marks it at ₹2,000.
The cost price of the Bluetooth headphone (CP) = ₹1,700
The marked price of the Bluetooth headphone (MP) = ₹2,000
Discount% = 40%
Selling price (SP) = [(100 - Discount%)/100] × MP
⇒ [(100 - 40)/100] × 2000
⇒ (60/100) × 2000 = ₹1200
Loss = CP - SP = 1700 - 1200 = ₹500
Loss% = (Loss/CP) × 100 = (500/1700) × 100 = 29.411...% = 29.41% (approx)
Therefore, Rohini's loss percentage is 29.41%.