A trader marks his goods at such a price that he can deduct 15% for cash and yet make 20% profit. The market price of an item which cost him Rs. 90, is:
(a) Rs. 1996/21
(b) Rs. 2208/21
(c) Rs. 2160/17
(d) Rs. 1766/13
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CP = ₹ 180, gain = 20%
∴ SP = (120/100) x 180 = ₹ 216
Let the MP be ₹ P.
Then, 80% of P = 216
∴ (80/100) x P = 216
⇒ P = (216 x 100)/80 = 270
Thus, MP is ₹ 270.
∴ SP = (120/100) x 180 = ₹ 216
Let the MP be ₹ P.
Then, 80% of P = 216
∴ (80/100) x P = 216
⇒ P = (216 x 100)/80 = 270
Thus, MP is ₹ 270.
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