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A trader buys some TVs at $20 %$ rebate on printed price $Rs . 18, 000 .$ For a long time he could not sell any TV. So he sells it by giving a rebate of $Rs . 2700$ on printed price, what amount of profit or loss does he make? How much percentage of rebate does a customer earn?

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Profit

= Rs . 500, 20 %

Rebate

Profit

= Rs . 100, 25 %

Rebate

Profit

= Rs . 900, 15 %

Rebate

None of these

answer is C.

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Detailed Solution

Given discount = 20%
Marked Price

= Rs . 18000

Discount =

\frac{Discount %}{100} \times M . P

\Rightarrow

Discount amount

= 18000 \times

\frac{20}{100}

\Rightarrow

Discount amount

= 3600

Cost price = M.P - Discount

\Rightarrow

Cost price

= 18000 - 3600

\Rightarrow

Cost price

= Rs . 14400

Given further the trader offers a discount of

= Rs . 2700 .

Selling price = M.P - Additional discount
Selling price

= Rs . 18000 - Rs . 2700

\Rightarrow

Selling price

= Rs . 15300

Profit = S.P - C.P
Now, profit

= Rs . 15300 - Rs . 14400 = Rs . 900

\Rightarrow

Discount%

= \frac{2700}{18000} \times 100 = 15 %

So, the profit is Rs. 900 and the discount is 15%.
Hence, option 3 is correct.

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A trader buys some TVs at 20% rebate on printed price Rs.18,000. For a long time he could not sell any TV. So he sells it by giving a rebate of Rs.2700 on printed price, what amount of profit or loss does he make? How much percentage of rebate does a customer earn?

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Detailed Solution

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A trader buys some TVs at $20 %$ rebate on printed price $Rs . 18, 000 .$ For a long time he could not sell any TV. So he sells it by giving a rebate of $Rs . 2700$ on printed price, what amount of profit or loss does he make? How much percentage of rebate does a customer earn?