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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