Profit and Loss Practice Test 6

Question : 25 of 40

Marks: +1, -0

Kaushal bought a suitcase with 15% discount on the marked price. He sold the suitcase for Rs. 2880 with 20% profit on the marked price. At what price did he buy the suitcase?

Rs. 2640
Rs. 2604
Rs. 2400
Rs. 2040

Validate

Solution:

Marked price

=100/120 × 2880

= Rs. 2400
C.P. for Kaushal

=85/100 × 2400

= Rs. 2040

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