New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Register

    Question

    The cost price of two watches 'X' and 'Y' is Rs. 18,000

    and Rs. 25,000 respectively. The shopkeeper marked up the prices of watch 'X' and 'Y' by 50% and 70% respectively. Watch 'X' is sold after allowing a discount of 20% while watch 'Y' is sold at a profit of 25%. Which of the following statement(s) is/are false according to the given data? (I) Selling price of watch 'X' is Rs. 21,600. (II) Discount offered on buying watch 'Y' is 20%. (III) Profit earned on selling watch 'Y' is more than that on selling watch 'X'.
    A Both I and III Correct Answer Incorrect Answer
    B Only I Correct Answer Incorrect Answer
    C Only II Correct Answer Incorrect Answer
    D Only I and II Correct Answer Incorrect Answer
    E All of I, II and III Correct Answer Incorrect Answer

    Solution

    ATQ, Marked price of watch 'X' = 150% of 18,000 = (1.5) x 18,000 = Rs. 27,000 Selling price of watch 'X' = 80% of 27,000 = (0.8) x 27,000 = Rs. 21,600 Profit earned on watch 'X' = Rs. 21,600 - Rs. 18,000 = Rs. 3,600 Marked price of watch 'Y' = 170% of 25,000 = (1.7) x 25,000 = Rs. 42,500 Selling price of watch 'Y' = 125% of 25,000 = (1.25) x 25,000 = Rs. 31,250 Discount offered on watch 'Y' = (11,250/42,500) x 100 = 26.47% Statement (I) is true. Statement (II) is false (the discount is 26.47%, not 20%). Statement (III) is true (Rs. 6,250 profit on watch 'Y' is more than Rs. 3,600 on watch 'X'). Hence, Both I and III is true

    Practice Next