Question 103

A trader marks the cost of a car 24% above its price and allows a discount of 15%. If the discount is ₹ 2,23,200, then the cost price of the car is:

Solution

let the initial price be 100x

now,the trader has marked the 24% above its price

hence,the price becomes 100x*1.24

=124x

now he allowed a discount of 15%

i.e;124x*15%=18.36x

Given that the discount amount is 2232000

so,18.6x=2232000

x=12000

so the initial price is 100x i.e; 100(12000)

=> 1200000

Hence answer is option b

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