CAT 2024 Slot 3 QA Question 6: 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

Question

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

Accepted Answer

Ravi saves Rs $15$ because he gets a $10\%$ discount on the marked price.

$10\%$ of marked price $= 15$
$	ext{Marked price} = 150$

Gopi marked the price to make a $20\%$ profit, so the marked price is $120\%$ of cost price.

Cost price = $\dfrac{150}{1.2} = 125$
Selling price = $150 - 15 = 135$
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Gopi marks a price on a product in order to make 20%20\%20% profit. Ravi gets 10%10\%10% discount on this marked price, and thus saves Rs 151515. Then, the profit, in rupees, made by Gopi by selling the product to Ravi, is

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