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Question : A trader allowed a discount of 25 percent on a trolley bag having a list price of Rs. 1488 and earns a profit of 20 percent. What is the cost price of the trolley bag?

Option 1: Rs. 908

Option 2: Rs. 880

Option 3: Rs. 930

Option 4: Rs. 960


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

Correct Answer: Rs. 930


Solution : The selling price = 0.75 × 1488
The trader earns a profit of 20%, which means the selling price is 120% of the cost price.
Let the cost price be C.
Selling Price = 1.20 × C
Setting these two equations equal to each other,
⇒ 0.75 × 1488 = 1.20 × C
⇒ C = 930
​​​​​​​Hence, the correct answer is Rs. 930.

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