A buyer saves Rs 25 due to a 6.66% (i.e., 6 2/3% = 1/15) discount on a textbook. Determine the amount of money (in Rs) actually paid after discount.
Aptitude
Profit and Loss
Difficulty: Easy
Choose an option
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A450
-
B350
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C225
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D375
Answer
Correct Answer: 350
Explanation
Introduction:Given a discount rate and the rupee saving, you can recover the marked price and then compute the payment after discount.
Given Data / Assumptions:
- Discount rate = 6.66% = 6 2/3% = 1/15 of the marked price (MP).
- Saving (discount amount) = Rs 25.
Concept / Approach:Discount amount = discount_rate * MP. Amount paid = MP − discount amount.
Step-by-Step Solution:Let MP = MDiscount = (1/15) * M = 25 ⇒ M = 25 * 15 = 375Amount paid = 375 − 25 = 350
Verification / Alternative check:6.66% of 375 ≈ 25; 375 − 25 = 350 confirms the payment.
Why Other Options Are Wrong:
- 450 / 225 / 375: these are either MP or unrelated figures, not the net amount paid.
Common Pitfalls:
- Treating 6.66% as 6% or 7% rounding, which miscomputes M.
Final Answer:350