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, $120\%ofx=2880⟹x=\left(\frac{2880\times 100}{120}\right)=2400$.

$\therefore$ C.P. $=85\%ofRs.2400=Rs.\left(\frac{85}{100}\times 2400\right)=Rs.2040$.