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.Solution
ATQ, Let the cost price of the product is Rs. '100x' Selling price of the product = 0.85 × 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 × 100 × 35.2 = Rs.4,576
In which city has the Bapu Tower, a monumental tribute to Mahatma Gandhi, emerged as a new landmark?
The Zika Virus currently outbreaks in which continent
Which company has entered into a strategic partnership with Hyperface, a Credit Cards-as-a-Service (CCaaS) platform to facilitate the digital issuance o...
Which bank has launched the Interoperable Cardless Cash Withdrawal (ICCW) facility wherein a customer can withdraw cash using UPI from the bank's ATMs...
Recently a Health Emergency’ declared by which country in view of Sudden Dengue Attack?
Which Indian state’s Deputy Chief Minister is the current convenor of the GST rate rationalisation panel?
What is India’s rank in World Competitiveness Index 2022?
Which of the following is the application of sciences such as physics, chemistry, biology, computer science and engineering to matters of law and to the...
The eMobility Simulation Lab will have the latest tools along with financial support from Altair &Â will carry out other e-mobility labs for batteries,...
Which state is hosting the Women's Kabaddi World Cup 2025?