Question

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

• A. Rs. 2040
• B. Rs. 2400
• C. Rs. 2604
• D. Rs. 2640

Answer 1

The correct option is A Rs. 2040

Let the labelled price be Rs x.
Then 120% of $x=2880$
$\Rightarrow x=\frac{(2880\times 100)}{120}=Rs2400$
C.P = 85% of the 2400 $=\frac{(85\times 2400)}{100}=2040$