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Jatin bought a refrigerator with 20 discount on the labelled price...

This question belongs to Arithmetic Ability Profit And Loss
Profit and Loss
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Jatin bought a refrigerator with 20% discount on the labelled price. Had he bought it with 25% discount, he would have saved Rs. 500. At what price did he buy the refrigerator ?

Answer & Solution
Correct Answer: Option A
Let the labelled price be Rs. x.
Then,
(80% of x) - (75% of x) = 500
⇒ 5% of x = 500
$$\eqalign{ & \Rightarrow x = \left( {\frac{{500 \times 100}}{5}} \right) \cr & \,\,\,\,\,\,\,\,\,\,\,\,\, = 10000 \cr & = {\text{Rs}}{\text{. }}10,000 \cr} $$
∴ Purchase is = 10000 - 20% of 10000
= Rs.8000
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2 Comments
Examveda
Examveda 6 years ago
Answer and solution upgrade. Thank Pawan Kalyan.
Pawan Kalyan
Pawan Kalyan 6 years ago
The right answer is Rs. 8000, because according to question "Jatin bought a refrigerator with 20% discount on the labelled price".
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