Question
A shopkeeper buys a fan for 1,500 and marks it for₹2,500. He sells it after giving a discount of 20% on its marked price and an additional discount of 250 on cash payment. If a customer buys it on cash payment, then what is the profit (in) earned by the shopkeeper?
Asked in CTET (Maths & Science) · 2026
Discount and MP · Quantitative Aptitude
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Selling Price = Marked Price × (1 − Discount%/100).
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An equivalent single discount tells you the one discount that produces the same final selling price as multiple discounts.
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Questions Asked from Profit and Loss in Previous Exams
See how often Profit and Loss has appeared in previous-year questions across major government exams.
59UPSC Questions Asked in These Years:2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2026
39SSC Questions Asked in These Years:2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026
32Railways Questions Asked in These Years:2016, 2018, 2020, 2021, 2022, 2023, 2024, 2025, 2026
55State PSC Questions Asked in These Years:2002, 2004, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025
Profit and Loss has appeared in 185 previous-year exam questions, most frequently in UPSC, State PSC and SSC.
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