Discussion
Profit of Raj while selling a book to Simran is Rs. 63. Despite a discount of 23% on the book Raj manages to get 10% profit. What must be the list price of the book?
Answer: C
Start from the profit, which is measured on the cost price.
\[ 0.10 \times \text{CP} = 63 \quad\Longrightarrow\quad \text{CP} = \text{Rs. } 630 \]
\[ \text{SP} = 630 + 63 = \text{Rs. } 693 \]
That selling price is the list price after a 23% discount:
\[ \text{LP} \times (1 - 0.23) = 693 \quad\Longrightarrow\quad \text{LP} = \frac{693}{0.77} = \text{Rs. } 900 \]
The chain runs cost → selling price → list price; jumping straight from cost to list price by combining 10% and 23% mixes the two different bases.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development