Question

A dealer buys a tables listed at Rs 1000 and get Sussessive discount 10% and 20 % the spends 10% of his coast price on transport etc. At what price should he sell the table to earn a profit of 15%​

Answer 1

Correct Question :

A dealer buys a tables listed at Rs 100 and get sussessive discount 10% and 20 %. he spends 10% of his cost price on transportation. At what price should he sell the table to earn a profit of 15% ?

Solution :

Given :

• Cost Price = Rs. 100
• Successive discount = 10 % and 20 %
• Transportation = 10 % of the cost price
• Profit Percentage = 15 %

To find :

• At what price should he sell the table to earn a profit of 15 % ?

According to the question :

First Discount = 10 %

⟹ Cost price - 10

⟹ 100 - 10

⟹ Rs. 90

We need to subtract the next discount from Rs. 90.

Second Discount = 20 %

⟹ 90 × 20 / 100 = 18

⟹ Rs. 90 - 18

⟹ Rs. 72

∴ Cost Price = Rs. 72

Transportation = 10 %

⟹ 72 × 10 / 100

⟹ 72 / 10

⟹ Rs. 7.2

Net cost Price = Rs. 72 + Rs. 7.2

⟹ 79.2

Profit % = 15 %

⟹ 100 + 15

⟹ Rs. 115

Finding selling price :

Net Cost Price × Profit % / 100

⟹ 79.2 × 115 / 100

⟹ 91.08

• ∴ He should sell it for Rs. 91.08