Lockdown series 1

Read the story and solve the problem

Ramu and Shyamu decided to sell their cars each at 36,000 rupees. While Ramu decided to give a discount of 8% on the first 8000 rupees, 5% on next 12,000rupees and 3% on the rest to buyer Sashi, Shyamu decided to give a discount of 7% on the first 12,000, 6% on the next 8,000rupees and 5% on the rest to buyer Rajesh. These discounts were, however, subject to the buyers making the payment on time failing which the discount gets reduced by 1% for every delay of a week. In each case, the selling price of 36,000 rupees was arrived at by increasing the cost price by 25%.


1. If each of them got the payments on time, what is the approximate percentage profit of the person getting the higher profit?

(a) 19% (b) 21% (c) 25% (d) 17%

2. If Sashi defaults by 1 and 2 weeks in the second and third payments respectively, what would be the profit of Ramu in the sale of the car?

(a) 5920 rupees (b) 6240 rupees (c) 5860  rupees (d) 5980  rupees