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Shopkeeper gives 5% discount to its cust...

Shopkeeper gives 5% discount to its customers and 15% discount to its members.If by mistake shopkeeper takes 40,000 for any object from its member, whose marked price is Rs 50,000 then profit made by member is ?

A

a)Rs 2500

B

b)Rs 1750

C

c)Rs 3750

D

d)Rs 3250

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find out the profit made by the member when the shopkeeper sells an object with a marked price of Rs 50,000 at a price of Rs 40,000, considering the discounts given. ### Step-by-Step Solution: 1. **Identify the Marked Price (MP)**: - The marked price of the object is Rs 50,000. 2. **Calculate the Selling Price (SP)**: - The shopkeeper mistakenly sells the object to the member for Rs 40,000. 3. **Calculate the Discount for Members**: - The shopkeeper gives a 15% discount to members. - Discount = 15% of Marked Price = 15/100 * 50,000 = Rs 7,500. 4. **Calculate the Effective Price After Discount**: - Effective Price = Marked Price - Discount = 50,000 - 7,500 = Rs 42,500. 5. **Determine the Profit Made by the Member**: - The member pays Rs 40,000 for the object. - The cost price (CP) for the member is the effective price after discount, which is Rs 42,500. - Profit = Selling Price - Cost Price = 40,000 - 42,500 = -2,500. - Since the result is negative, it indicates a loss, not a profit. 6. **Conclusion**: - The member incurs a loss of Rs 2,500 instead of making a profit. ### Final Answer: The profit made by the member is Rs -2,500 (indicating a loss).
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