A dealer buys a car listed at 200000 Rs. at successive discounts of 5% and 10%. If he sells the car for 179550, then his profit is :
A dealer buys a car listed at 200000 Rs. at successive discounts of 5% and 10%. If he sells the car for 179550, then his profit is :
[A]4%
[B]5%
[C]9%
[D]10%
5%
Equivalent discount
$latex = 10+5-\frac{10\times 5}{100} = 14.5\%&s=1$
∴ CP = 85.5% of 200000
$latex = \left ( \frac{85.5\times 200000}{100} \right )= 171000\ Rs.&s=1$
SP = 179550 Rs.
Gain = (179550 – 171000) = 8550 Rs.
$latex \therefore Gain\ \% = \frac{8550}{171000}\times 100 = 5\%&s=1$
Hence option [B] is correct answer.
