Question
A person 'P' purchased an item and sold it to 'K' with a
profit margin of 32%. If the item had been purchased for Rs. 1,500 less and sold for Rs. 500 more, the profit percentage would have been 40%. If the item is priced Rs. 2,500 higher than its initial cost price and then sold with a 20% discount, what would the selling price be?Solution
ATQ,
Let the cost price of item be Rs. '100m'. Selling price of item = 1.32 × 100m = Rs. 132m ATQ: (132m + 500) = 1.4 × (100m - 1,500) Or, 132m + 500 = 140m - 2,100 Or, 8m = 2,600 So, 'm' = 325 Marked price of item = 100m + 2,500 = 32,500 + 2,500 = Rs. 35,000 Therefore, required selling price of item = 0.8 × 35,000 = Rs. 28,000Â
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