Question 15

A merchant is selling goods by importing from abroad. He gets a discount of $$33\frac{1}{3}$$% on 3 the catalogue price, pays 20% import duty on the net cost of the goods and sells the goods for a profit of 25%. If the catalogue price of an article is Rs. 3,756, then its selling price (in Rs.) is

Solution

Catalogue price 3756 Rs.

after discount price became =(2/3)×3756

=2504 Rs.

After import duty price became=1.2×2504

=3004.8 Rs.

Now he sells it for 25% profit.

So, selling price=1.25×3004.8=3756Rs.

D is correct choice.

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