Question 52

Dealer purchased an article for Rs. 900 and fixes the list price in such a way that he gains 20% after allowing 10% discount, then the list price is

Solution

Let the list price = $$Rs.$$ $$100x$$

Discount % = 10 %

=> Selling price = $$100x \times \frac{90}{100}=Rs.$$ $$90x$$ -----------(i)

Cost price = Rs. 900

Profit % = 20 %

=> Selling price = $$900 \times \frac{120}{100}=Rs.$$ $$1080$$ ----------(ii)

From (i) and (ii), => $$90x=1080$$

=> $$x=\frac{1080}{90}=12$$

$$\therefore$$ List price = $$100 \times 12=Rs.$$ $$1200$$

=> Ans - (C)

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