Question 13.
Gopi marks a price on a product in order to make 20% profit. Ravi gets 10% discount on this marked price, and thus saves Rs 15. Then, the profit, in rupees, made by Gopi by selling the product to Ravi, is
A
10
B
25
C
15
D
20
Question Explanation
Text Explanation
Video Explanation
Let us say the cost price of an item is X
It is said that it is marked to make a profit of 20%.
That means it is marked at 1.2X
Ravi gets a 10% discount on the marked price,
Saves 15 rupees, so 1.2X-1.08X
0.12X=15
X=125
Profit made by Gopi is 0.08(125)=10 rupees.
