The list price of a table fan is Rs 480 and it is available to a retailer at 25% discount. For how much should a retailer sell it to gain 15%?

Open in App

Solution

$Marked price o f t h e t a b l e f a n = Rs . 480 Discount = 25 % Therefore, cost price = 25 % of R s . 480 \frac{25}{100} \times 480 = Rs . 360 It is given that t h e p r o f i t o n t h e t a b l e f a n i s 15 % . Gain % = \frac{Gain}{CP} \times 100 15 = \frac{Gain}{360} \times 100 Gain = Rs . 54 Gain = SP - CP 54 = SP - 360 SP = Rs . 414 T h u s, t h e r e t a i l e r w i l l s e l l t h e t a b l e f a n f o r R s . 414 .$

Suggest Corrections

Similar questions

Q. A mirror is listed at Rs. 1,000. A retailer buys it with two discounts of 20% and 10% each. The retailer incurs an additional cost of 10% of the cost of mirror on wood work for making a dressing table. At what price should he sell the dressing table to make profit of 15%?

A manufacturer marks an article for Rs.5,000. He sells it to a wholesaler at a discount of 25% on the marked price & the wholesaler sells it to a retailer at a discount of 15 % on the market price. The retailer sells it to a consumer at the marked price & the vat at each stage is 8 %. Calculate vat received by the government from the whole seller & retailer.

A manufacturer marks an article at Rs. 5000. He sells the article to a wholesaler at a discount of 25% on the marked price and the wholesaler sells it to a retailer at a discount of 15% on its marked price. If the retailer sells the article without any discount and at each stage, the sales tax is 8%, then the amount of VAT paid by wholesaler and retailer are :

Q. The printed price of an article is Rs. 2,500. A wholesaler sells it to a retailer at 20% discount and charges sales-tax at the rate of 10%. Now the retailer, in turn, sells the article to a customer at its list price and articles the sales-tax at the same rate. Find the VAT paid by the retailer

Join BYJU'S Learning Program

The list price of a table fan is Rs 480 and it is available to a retailer at 25% discount. For how much should a retailer sell it to gain 15%?

Marked price of the table fan=Rs. 480Discount =25%Therefore, cost price = 25% of Rs. 48025100×480=Rs. 360It is given that the profit on the table fan is 15%.Gain%=GainCP×10015=Gain360×100Gain=Rs. 54Gain=SP-CP54=SP-360SP=Rs. 414Thus, the retailer will sell the table fan for Rs. 414.