Kunal bought a suitcase at a discount of 15%. He sold the suitcase for ₹1440 with 20% profit on the marked price. At what price did he buy the suitcase?

₹1080

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₹1040

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₹1020

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₹1000

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Solution

The correct option is C ₹1020
Selling Price of suitcase = ₹1440
Profit % = 20%
Marked price = $\frac{100}{120} \times 1440$ = ₹1200
Hence, the marked price of the suitcase is ₹1200
Purchase cost of the suitcase = ₹1200 - 15% of ₹1200
= ₹1200 - $\frac{15 \times 1200}{100}$
= ₹1200 - 180
= ₹ 1020
Kunal bought the suitcase for ₹1020.

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