A cloth merchant has announced 25% rebate in prices. If one needs to have a rebate of Rs. 40. Then how many shirts each costing Rs.32 he should purchase?
Correct answer: B. 5
- A. 6
- B. 5
- C. 10
- D. 7
Explanation
The rebate on one Rs. 32 shirt is 25% x Rs. 32 = Rs. 8. To receive a total rebate of Rs. 40, the number of shirts is Rs. 40 / Rs. 8 = 5; the likely wrong choice is 6, from rounding or dividing Rs. 40 by the full price instead of the rebate per shirt.
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Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.
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