Question 65
A man wanted to sell his bat at a discount of 8%. His brother who was a cricketer wanted to buy the bat, so the man sells it at a discount of 10%. In this deal, the man reduces Rs.70 in profit. What was the market value of the bat?
Solution
Let the marked price of the bat be 100%.
Profit reduce = Rs.70
Man reduces profit because he increase in the discount.
Difference in discount = 70
10% - 8% = 70
Marked price(100%) = $$\frac{70}{2} \times 100$$ = Rs.3500
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