LIC AAO Model Paper 10

Question : 31 of 160

Marks: +1, -0

A trader sells an Item to a retailer at 20% discount, but charges 10% on the discounted price, for delivery and packaging. The retailer sells It for Rs. 2046 more, thereby earning a profit of 25%. At what price had the trader marked the item ?

Rs. 9400
Rs. 9000
Rs. 8000
Rs. 12000
Rs. 9300

Validate

Solution:

Let the price marked by the trader be Rs. x.
∴ S.P. of article = Rs.

(x×{80}/{100}×{110}/{100})

= Rs.

({44x}/{50})

= Rs.

{22x}/{25}

For the retailer
S.P. = Rs.

({22x}/{25}×{125}/{100})

= Rs.

{11x}/{10}

According to the question

{11x}/{10}-{22x}/{25}

= 2046
⇒

{55x-44x}/{50}

= 2046
⇒ 11x = 2046 × 50
⇒ x =

{2046×50}/{11}

= Rs. 9300

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