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Question 59

Gopi marks a price on a product in order to make 20% profit. Ravi gets 10% discount on this marked price, and thus saves Rs 15. Then, the profit, in rupees, made by Gopi by selling the product to Ravi, is

Solution

Let us say the cost price of an item is X
It is said that it is marked to make a profit of 20%.
That means it is marked at 1.2X

Ravi gets a 10% discount on the marked price,
$$0.9\left(1.2X\right)=1.08X$$

Saves 15 rupees, so 1.2X-1.08X
0.12X=15
X=125

Profit made by Gopi is 0.08(125)=10 rupees.

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