Question
A plastic bucket is sold at a 20% loss, making its
selling price Rs. 72 less than when sold at a 12% profit. If the bucket’s marked price is 60% higher than its cost price and it is sold with a Rs. 90 discount, what will its selling price be?Solution
Let the cost price of the Plastic bucket = Rs. ‘100y’ ATQ, 100y × 1.12 – 100y × 0.8 = 72 Or, 32y = 72 So, y = 72 ÷ 32 = 2.25 So, cost price of the bucket = 2.25 × 100 = Rs. 225 So, selling price of the bucket = 225 × 1.6 – 90 = Rs. 270
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