A dealer buys an old cooler listed at Rs. 950 and gets a discount of 10%. He spends Rs 45 for its repair. If he sells the cooler at a profit of 25%, then the selling price of the cooler:

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Rs. 1125

Rs. 1215

Rs. 1251

Rs. 1512

answer is A.

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Detailed Solution

Concept: The cost and selling price of a chiller can be calculated using the formula when sold at a rate of return

Where S. P is the selling price and C. P is the cost price. First you need to find the cost from the question, then you need to add the cost of the repair which gives the net cost. This net cost is used to calculate the selling price.

.
Given, the dealer is Rs on the cooler list. Buy 950 and get a 10% discount That is,
Purchase price of air cooler is
Question Image

Hence, Purchase price of air cooler is Rs. 855
Given that 45 Rs is the repair cost of a cooler.
We get Rs. 900 net price, add repair cost and cost price.
Profit margin when selling air conditioners = 25%
We know that the cost can be calculated by the following formula.
Question Image

Hence, the correct answer is option (1).

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