Question

Ratan got 25% concession on the labeled price for a music system. He sold it at Rs. 4050 with 20% profit on the price he brought. What was the label price?

Answer 1

Answer:

4500

Step-by-step explanation:

4050×100÷120=3375

3375×100÷75=4500

Answer 2

Labelled Price = Rs 4500

Step-by-step explanation:

Let say Labelled Price  = L  Rs

25 % Concession = (25/100)L = 0.25L Rs

Cost Price for Ratan = L - 0.25L = 0.75L  Rs

20% profit  = (20/100) * 0.75L  = 0.15L Rs

Selling Price = 0.75L + 0.15L = 0.9L  Rs

0.9L  = 4050

=> L = 4500

Labelled Price = Rs 4500

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