Manoj travels from Meerut to Delhi to buy goods which he gets 10 per cent cheaper in Delhi than in Meerut. If his journey expenses are Rs. 160 and he earns Rs 240 by selling goods at Meerut; calculate the price of the goods, he paid at Delhi
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Solution
Lets C.P of goods in Meerut = Rs. x Then C.P in Dehli =X−10X100=X−X10 Journey exp. =160 Rs Net cost of goods to Manoj =X−X10+160 Given profit = Rs. 240 Then X−(X−X10+160)=240 X10=240+160=400 X=4000 Price of goods in Delhi =X−X10=4000−400010=4000−400=3600Rs