Q.


When a sofa-set is sold by a dealer for Rs 21600, he earns a profit of 8% . What would have been his purchase price?

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a

Rs. 15000

b

Rs. 20000

c

Rs. 18000

d

Rs. 12000 

answer is B.

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Detailed Solution

Given that,
S.P. = Rs. 21600
Profit = 8% .
We have the following formula:
S.P=selling price.
C.P=cost price.
Gain=S.P-C.P
Gain%= S.PC.P C.P ×100  
Loss=C.P-S.P
Loss%= C.PS.P C.P ×100  
We are given that, the S.P of sofa set is Rs 21600 at a gain of 8%.
The C.P of sofa set is
= 100 100+8 ×21600 = 100 108 ×21600 =20000   The correct option is 2.
 
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