A dealer buys a product at Rs. 1920, He sells at a discount of 20%

A dealer buys a product at Rs. 1920, He sells at a discount of 20%
Posted on 18-03-2023

Ques - A dealer buys a product at Rs. 1920, He sells at a discount of 20% still he gets the profit of 20%. What is the selling price of that product?

(a) Rs. 2304

(b) Rs. 1536

(c) Rs. 2200

(d) It is not possible

Solution - 

Let,

CP of a product = 100

SP of a product = 100 + (100 × 20/100)

= 100 + 20

= 120

Here,

100 is equal to 1920 .

So,

100 = 1920

1 = 19.20

120 = 120 × 19.20

= 2304

Therefore,

The SP of that product = 2304.

Alternatively,

CP of a product = 1920

SP of a product = 1920 + (1920 × 20/100)

SP of a product = 1920 + 384

SP of a product = 2304

Hence,

The correct answer is option (a) Rs. 2304.

Thank You