Question

Jatin bought a refrigerator with 20% discount on the labelled price.Had he bought it for 25% discount,he would have saved Rs.500.At what price did he buy the refrigerator?

Answer 1

5% = Rs. 500
100% = ?

100*500 / 5
=50,000/5
=10,000
now, there is a 20% discount  
therefore the price =
100% - 20%
5% = Rs 500
20% = ?
500*20 / 5
10,000 / 5
20% = Rs. 2000
therefore total money = 10,000 - 2,000
= Rs. 8,000

Answer 2

Concept:

Shopkeepers use the term "marked price" to indicate that they are offering a discount to clients.

Given:

20% discount on labeled/ marked price.

if purchased on 25%discount, savings would be 500.

To Find:

The cost of the refrigerator.

Solution:

Let the labeled price of the refrigerator be x.

According to the problem,

(80% of x) - (75% of x)= 500

5% of x = 500

$x = (\frac{500 * 100}{5} )$

$x = 10000$

Therefore, cost of refrigerator = Rs. (10000 - 20%) = Rs. 8000.

The cost at which Jatin bought the refrigerator is Rs. 8000.

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