Question

Shekhar has purchased a cordless phone for Rs.3520 after getting 12% discount on the printed price. If he sold it to get 8% profit on the printed price, at what price did he sell the cordless phone?

• A. Rs.3801.60
• B. Rs.4224
• C. Rs.4320
• D. Rs.3942.40

Answer 1

The correct option is C Rs.4320

Let the printed price of the cordless phone be Rs.$x$

Then, x $-12\%ofx=3520$

$\Rightarrow 88\%\text{of x}=3520$
$\Rightarrow x=\frac{3520\times 100}{88}=Rs.4000$

$Profit=8\%$
$S.P.=Rs.4000+8\%ofRs.4000=Rs.4000+Rs.320=Rs.4320$