Question
Anita bought a refrigerator at a discount of 20% on MRP.
She earned one-third the amount of her CP by renting it for 300 days. After that, she resells it at two-thirds of MRP. In this transaction, she earned Rs. 600. Find the MRP of the refrigerator (in Rs).Solution
Let the MRP of the refrigerator be 9y Discount = 20% of 9y = 1.8y Anita bought this refrigerator for 9y – 1.8y = 7.2y She earns 7.2y/3 = 2.4y by renting it and resells it at 9y x 2/3 = 6y ATQ, Or, 6y + 2.4y — 7.2y = 600 Or, 1.2y = 600 Or, y = 500 Therefore, MRP = 9y = 9 x 500 = Rs.4500
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