Question

A dealer allows 30% discount on his list prices and then makes a profit of 25% on his cost price. What is the list price of a camera on which he gains $91?


(A) $76 (B) $109.20 (C) $148 (D) $520 (E) $650

Answer 1

Answer:

$109.20 should be correct answer

Answer 2

Step by Step verification:-

Given :- Profit(P) = $91
Profit % (P%) = 25%
Discount % (D%) = 30%

Then List Price or Marked Price is ???

Now; we know P% = P/CP * 100, therefore CP = P/P% * 100
=> CP= 91/25* 100
=> CP = $ 364

According to formula, also
P% = SP-CP/CP *100 after solving this we get SP = $ 455

Then, D% = MP-SP / MP* 100 ; (NOTE - where MP is the marked price or List price)

After solving the above formula by putting all the values we get MP= $ 650.

Therefore, option E that is $650 is the answer.

I hope the above question is well explained to you now.

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