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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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