Profit & Loss Mcqs
Q. A cloth merchant has announced 25% rebate in prices. If one needs to have a rebate of Rs. 40. Then how many shirts each costing Rs.32 he should purchase?
a. 6
b. 5
c. 10
d. 7
The number of shirts = X
Rebate = (25/100 × 32 X) = 8X
8X = 40 or X = 5