Question

The market price of a novel was 50% more than its cost price. Vadi was going to sell it at market price to a customer, but he showed vadi some defects in the novel, due to which vadi gave him a discount of 33%.Next day he came again and showed vadi some more defects, hence he gave him another discount that was equal to 14.5% of the cost price. What was the approximate profit/loss to vadi?

Answer 1

Let the cost price be Rs. 100

 Then, market price is Rs. 150

 Now, the first discount is of 33% Rs.150 =Rs. 50

 Hence, its selling price = 150 - 50 = Rs. 100

 since vadi’s selling at cost price, any further discount will be equal to loss %

 The next discount of 14.5% will be the loss percentage to vadi