A dealer paid a bike manufacturer Rs. 1,35,000 for a bike. What should be the selling price of the…
The price before discount should be Rs. 1,62,000. An 8% profit on Rs. 1,35,000 requires receipts of 1,35,000 × 1.08 = Rs. 1,45,800. After a 10% discount, these receipts are…
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A dealer paid a bike manufacturer Rs. 1,35,000 for a bike. What should be the selling price of the bike, if after allowing a buyer 10% discount on the selling price, he made a profit of 8% on his investment?
Answer and explanation
Correct answer B
The price before discount should be Rs. 1,62,000. An 8% profit on Rs. 1,35,000 requires receipts of 1,35,000 × 1.08 = Rs. 1,45,800. After a 10% discount, these receipts are 90% of the quoted price, so the quoted price is 1,45,800 ÷ 0.90 = Rs. 1,62,000.
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