Question

104.Pankaj bought a bag with 20% discount on the price. He got a profit of Rs.50 by selling it at a price 150% of the price at which he bought. What was the original price of the bag? a)Rs100 b)Rs125 c)Rs120 d)Rs110

Answer 1

Let original price of bag be p

He bought at 20% discount, so he bought the bag at price 0.8p

Price at which he sold = 150% of 0.8p

Or we can write: 3/2 (0.8p) = 1.2p

His profit will be= 1.2p - 0.8p = 0.4p

0.4p = 50

p = 125

Therefore original price of bag is Rs 125 i.e. OPTION B