Question 9

Ramesh bought a calculator with 20% discount on the tag price. He obtained 10% profit by selling it for Rs.440. What was the tag price ?

Solution

Let tag price = Rs. $$100x$$

Discount % = 20%

=> Calculator's selling price = Cost price for Ramesh = $$100x-(\frac{20}{100}\times100x)$$

= $$100x-20x=Rs.$$ $$80x$$

Profit = $$\frac{10}{100}\times80x=Rs.$$ $$8x$$

Also, selling price = $$(80x+8x)=440$$

=> $$x=\frac{440}{88}=5$$

$$\therefore$$ Tag price = $$100\times5=Rs.$$ $$500$$

=> Ans - (A)

Share on Whatsapp Share on Whatsapp

Create a FREE account and get: