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A shopkeeper marks up price of T.V. 50% ...

A shopkeeper marks up price of T.V. `50%` above its cost price and gives three successive discounts of `12 1/2%, d%` and `40%`. If shopkeeper made a loss `37%` on T.V. Find the second discount allowed by shop?

A

`15%`

B

`20%`

C

`25%`

D

`17.5%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the outline provided in the video transcript and add clarity to each step. ### Step 1: Define the Cost Price (CP) Let the cost price (CP) of the TV be `100` (this is a convenient assumption to simplify calculations). ### Step 2: Calculate the Marked Price (MP) The shopkeeper marks up the price of the TV by `50%` above its cost price. - Marked Price (MP) = CP + 50% of CP - MP = 100 + (50/100) * 100 = 100 + 50 = `150` ### Step 3: Calculate the Selling Price (SP) after Loss The shopkeeper incurs a loss of `37%`. Therefore, the selling price can be calculated as: - Loss = 37% of CP = (37/100) * 100 = `37` - Selling Price (SP) = CP - Loss = 100 - 37 = `63` ### Step 4: Apply the First Discount The first discount is `12.5%`. - After the first discount, the price becomes: - Price after first discount = MP * (1 - 12.5/100) = 150 * (1 - 0.125) = 150 * 0.875 = `131.25` ### Step 5: Apply the Second Discount (d%) Let the second discount be `d%`. The price after the second discount becomes: - Price after second discount = Price after first discount * (1 - d/100) = 131.25 * (1 - d/100) ### Step 6: Apply the Third Discount The third discount is `40%`. - Price after third discount = Price after second discount * (1 - 40/100) = Price after second discount * 0.6 ### Step 7: Set Up the Equation for Selling Price We know that the final selling price (after all discounts) is equal to `63`. Therefore, we can set up the equation: \[ 63 = 131.25 * (1 - \frac{d}{100}) * 0.6 \] ### Step 8: Solve for d 1. Simplify the equation: \[ 63 = 131.25 * 0.6 * (1 - \frac{d}{100}) \] \[ 63 = 78.75 * (1 - \frac{d}{100}) \] 2. Divide both sides by `78.75`: \[ \frac{63}{78.75} = 1 - \frac{d}{100} \] \[ 0.8 = 1 - \frac{d}{100} \] 3. Rearranging gives: \[ \frac{d}{100} = 1 - 0.8 = 0.2 \] \[ d = 0.2 * 100 = 20 \] ### Conclusion The second discount allowed by the shopkeeper is `20%`. ---
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