‘X’ is a bread seller who marked up price of each bread packet by 150% above and allow discounts of 40% and made a profit of Rs. 30 on each bread packet. If ‘X’ allows 37.5% discount on each packet, then find how much profit he gets on selling 80 bread packets?
Correct Answer: Rs 2700
Explanation:
Let cost price of each bread packet = a Rs.
So, marked price of each bread packet = 2.5a
And selling price of each bread packet = 2.5a × 60/100 = 1.5a
