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Question : If a dealer purchases an attic for INR 900 and fixes the list price in such a way that he gains 20% after allowing a 10% discount, then the list price is:

Option 1: INR 1,180

Option 2: INR 1,080

Option 3: INR 1,200

Option 4: INR 1,100


Team Careers360 12th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: INR 1,200


Solution : Cost price = Rs. 900
Discount = 10% of marked price
Profit = 20% of cost price
Selling price = cost price + profit
= cost price + 20% of cost price
= 120% of INR 900
= INR 1,080
Selling price = marked price – discount
⇒ INR 1080 = marked price – 10% of marked price
⇒ INR 1080 = 90% of marked price
⇒ Marked price = INR 1,200
Hence, the correct answer is INR 1,200.

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