Question

a shopkeeper earns a profit of 15% on selling a radio, whereas if it is sold for rupees 360 less, he suffers a loss of 15%. what is the cost price of the radio for the shopkeeper?

options-
a) 1380
b) 1560
c) 820
d) 1200​

Answer 1

Answer:

Let the cost price be x.

Therefore, selling price = (100 + 15)x/100

= 1.15x

If sold for Rs 360 less,

new S.P. = 1.15x - 360

loss = 15%

Therefore, (100-15)x/100 = 1.15x - 360

0.85x = 1.15x - 360

.3x = 360

x = 1200

Therefore, the cost price of radio = Rs 1200

therefore, option number (d) is the correct answer.

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