Question

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?

Answer 1

Selling Price of suitcase = ₹2880 which is 20 % above the marked price

marked price = $\frac{100}{120}\times 2880$

= ₹2400

Hence, the marked price of the suitcase is ₹2400

Cost price of the suitcase = ₹2400 - 15% of ₹2400

= ₹ 2400 - $\frac{15\times 2400}{100}$

= ₹2400 - 360

= ₹2040

Kunal bought the suitcase for ₹2040.