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    Question

    A shopkeeper allows a discount of 20% on a product and

    incurs a loss of 15%. If the difference between the discount given and the loss is Rs. 220, find the selling price needed to earn a 30% profit.
    A Rs.4,576 Correct Answer Incorrect Answer
    B Rs.2,000 Correct Answer Incorrect Answer
    C Rs.1,652 Correct Answer Incorrect Answer
    D Rs.3,449 Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of the product is Rs. '100x' Selling price of the product = 0.85 ├Ч 100x = Rs. '85x' Marked price of the product = (85x/0.80) = Rs. (425x/4) Loss incurred = 100x - 85x = Rs. '15x' Discount given = (425x/4) - 85x = Rs. (85x/4) So, (85x/4) - 15x = 220 Or, (25x/4) = 220 Or, x = 35.2 So, required selling price = 1.30 ├Ч 100 ├Ч 35.2 = Rs.4,576

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