Question 187

A dealer buys a table listed at Rs. 1,500 and gets successive discounts of 20% and 10%. He spends Rs. 20 on transportation and sells it at a profit of 20%. Find the selling price of the table.

Solution

M.P. = 1500

After first discount of 20% => $$\frac{20}{100}$$ * 1500 = 300

=> Price after first discount = 1500-300 = 1200

After second discount of 10% => $$\frac{10}{100}$$ * 1200 = 120

=> Price after second discount = 1200-120 = 1080

Thus, the dealer purchased it for 1080 and spends 20 more on it

=> Total C.P. = 1080+20 = 1100

Profit = $$\frac{20}{100}$$ * 1100 = 220

=> S.P. = 1100+220 = 1320

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