Question

    A shopkeeper sold a fridge for Rs. 1200, making a 20%

    gain. The fridge was marked at Rs. 1400. What was the discount he provided to make only 10% profit?
    A 120 Correct Answer Incorrect Answer
    B 145 Correct Answer Incorrect Answer
    C 204 Correct Answer Incorrect Answer
    D None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Cost price = 960 ÷ 1.20 = Rs. 800

    New selling price for 12% profit = 800 × 1.12 = Rs. 896

    Discount = 1100 – 896 = Rs. 204

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