Mahesh allow a discount of 12% on a cooler and still gain 10%. if he bought it for RS 3800,find the list price of the cooler?
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Answer: The list price of the cooler is Rs 4318.18 approximately.
Step-by-step explanation:
Suppose list price of the cooler be x.
% discount allowed= 12% (given)
=> discount allowed= 12% of list price= 12% of x= 0.12*x
selling price= Rs 3800 (given)
We know,
selling price= list price - discount
=> 3800= x-0.12*x
=> 3800= 0.88*x
=> x= 3800/0.88
x= Rs 4318.18 (approx)
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