Kushal bought a suitcase at a discount of 25%. He sold the suitcase for ₹1446 with 20% profit on the marked price. At what price did he buy the suitcase?

₹903.75

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₹942.75

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₹843.75

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₹992.25

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Solution

The correct option is A ₹903.75
Selling Price of suitcase = ₹1446
Profit % = 20%
Marked price = $\frac{100}{120} \times 1446$ = ₹1205
Hence, the marked price of the suitcase is ₹1205
Purchase cost of the suitcase = ₹1205 - 25% of ₹1205
= ₹1205 - $\frac{25 \times 1205}{100}$
= ₹1205 - 301.25
= ₹903.75
Kunal bought the suitcase for ₹903.75

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