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?

Open in App

Solution

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.

Suggest Corrections

Similar questions

Q. 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?

Kunal bought a suitcase at a discount of $15 %$ . He sold the suitcase for ₹ 2880 which is $20 %$ above the marked price. At what price did he buy the suitcase?

Q. By selling a suitcase for Rs. 570, a man loses 5

%

. At what price must he sell it to gain 5

%

Jagdeep bought a refrigerator with 20% discount on the labeled price. Had he bought at it with 30% discount, he would have saved Rs. 500 more. At what price did he buy the refrigerator?

Join BYJU'S Learning Program

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?

Selling Price of suitcase = ₹1440 Profit % = 20% Marked price = 100120 × 1440 = ₹1200 Hence, the marked price of the suitcase is ₹1200 Purchase cost of the suitcase = ₹1200 - 15% of ₹1200 = ₹1200 - 15 × 1200100 = ₹1200 - 180 = ₹ 1020 Kunal bought the suitcase for ₹1020.