A dealer buys a washing machine, listed at Rs. 10000 and gets 10% and 20% successive discounts.
Posted on 25-03-2023
Ques - A dealer buys a washing machine, listed at Rs. 10000 and gets 10% and 20% successive discounts. He spends 10% of his CP on tansport. At what price (in rupees) should he sell the washing machine to earn a profit of 10%?
(a) 8722
(b) 7892
(c) 8712
(d) 8840
Solution -
CP of washing machine = 10000
10% discount,
CP after 10% discount = 10000 (90/100)
= 9000
Again,
20% discount,
CP after 20% discount = 9000 (80/100)
= 7200
He spends 10% of his CP on tansport.
CP = 7200 (110/100)
CP = 7920
SP = 7920 (110/100)
SP = 8712
Therefore,
He should sell the washing machine at Rs. 8712 to earn a profit of 10%.
Hence,
The correct answer is option (c) 8712.
Thank You