Question 79

A trader allowed a discount of 15% on a trolley bag having list price of Rs 1360 and earns a profit of 15.6%. What is the cost price (in Rs) of the trolley bag?

Solution

List price = Rs. 1360

Discount % = 15%

=> Selling price = $$1360\times\frac{(100-15)}{100}=Rs.$$ $$1156$$

Profit % = 15.6%

$$\therefore$$ Cost price = $$1156\times\frac{100}{(100+15.6)}$$

= $$\frac{1156}{115.6}\times100=Rs.$$ $$1000$$

=> Ans - (A)

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