Question : Rahim bought a TV at 20% discount on the list price. Had he bought it on a 25% discount, he would have saved Rs. 500. At what price did he buy the TV?
Option 1: Rs. 16,000
Option 2: Rs. 12,000
Option 3: Rs. 10,000
Option 4: Rs. 8,000
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Correct Answer: Rs. 8,000
Solution :
Let the marked price be $y$,
(25 – 20 )% of $y$ = 500
⇒ 5% of $y$ = 500
⇒ $\frac{y×5}{100}=500$
∴ $y= 10000$
∴ Initial selling price of TV = 80% of the marked price =$\frac{10000×80}{100}$ = Rs. 8,000
Hence, the correct answer is Rs. 8,000.
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