The marked price of a folding bed is ₹18,000. Aman bought it after two successive discount of 15% and 10%. He spent ₹830 on transportation and sold it for ₹18,440. Find his profit.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e 3‚840.
First discount = 15% of ₹18,000 = 15/100 × 18000 = ₹2700
Price after 1st discount = 18000 − 2700 = ₹15,300
Second discount = 10% of ₹15,300 = 10/100 × 15300 = ₹1530
Final price paid for the bed = 15300 − 1530 = ₹13,770
Add transportation cost
Total cost price = 13770 + 830 = ₹14,600
Profit = Selling Price − Total Cost Price = 18440 − 14600 = ₹3,840