New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    A trader bought a bicycle for ₹12,000 and sold it at a profit of 25%. After a month, he offered a discount of 10% on the selling price to attract more customers. What is the final selling price of the bicycle after the discount?

    A ₹14,400 Correct Answer Incorrect Answer
    B ₹13,500 Correct Answer Incorrect Answer
    C ₹13,200 Correct Answer Incorrect Answer
    D ₹14,000 Correct Answer Incorrect Answer

    Solution

    Calculate the selling price before discount: Profit = 25% of ₹12,000 Profit = 0.25 × 12,000 = ₹3,000 Selling Price = Cost Price + Profit Selling Price = ₹12,000 + ₹3,000 = ₹15,000 Calculate the discount amount: Discount = 10% of Selling Price Discount = 0.10 × 15,000 = ₹1,500 Calculate the final selling price after discount: Final Selling Price = Selling Price - Discount Final Selling Price = ₹15,000 - ₹1,500 = ₹13,500 Answer: b) ₹13,500.

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