A dealer pays ₹1,35,000 for a car. What marked price should the dealer set so that a 10% discount on…
The required sale price is 135000 x 1.08 = 145800. Since this is 90% of the marked price, the marked price is 145800/0.9 = 162000 rupees.
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A dealer pays ₹1,35,000 for a car. What marked price should the dealer set so that a 10% discount on that marked price still gives an 8% profit on cost?
Answer and explanation
Correct answer C
The required sale price is 135000 x 1.08 = 145800. Since this is 90% of the marked price, the marked price is 145800/0.9 = 162000 rupees.
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