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

Rs. 2040

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Rs. 2400

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Rs. 2604

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Rs. 2640

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Solution

The correct option is A
Rs. 2040

Selling Price of suitcase = ₹2880

Profit % = 20%

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

= ₹2400

Hence, the marked price of the suitcase is ₹2400

Purchase cost of the suitcase = ₹2400 - 15% of ₹2400

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

= ₹2400 - 360

= ₹ 2040

Kunal bought the suitcase for ₹2040.

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