Kamal bought a house whose sale price was Rs 8 lakh

Kamal bought a house, whose sale price was Rs. 8 lakh. He availed 20% discount as an early bird offer and then 10% discount due to cash payment. After that he spent 10% of the cost price in interior decoration and lawn of the house. At what price should he sell the house to earn a profit of 25%?

A. Rs. 9 lakh

B. Rs. 7.99 lakh

C. Rs. 7.92 lakh

D. Rs. 7 lakh

E. None of These

Answer: Option C

Solution (By Examveda Team)

Let the marked price be 100
100 == 20% ↓(discount) ⇒ 80 == 10%↓ (discount) ⇒ 72(CP) == 10%↑ (interior) ⇒ 79.2(Total CP)
Now, selling price would be 25% above the Total cost price.
SP = 79.2 + 25% of 79.2
SP = 99
Now, On comparing,
100 ⇒ 800000
99 ⇒ $$\frac{{800000}}{{100}} \times 99$$ ⇒ 7,92,000
So,
SP = Rs. 7,92,000

A person sold a horse at a gain of 15%. Had he bought it for 25% less and sold it for Rs. 600 less, he would have made a profit of 32%. The cost price of the horse was:

A. Rs. 3,750

B. Rs. 3,250

C. Rs. 2,750

D. Rs. 2,250

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Kamal bought a house, whose sale price was Rs. 8 lakh. He availed 20% discount as an early bird offer and then 10% discount due to cash payment. After that he spent 10% of the cost price in interior decoration and lawn of the house. At what price should he sell the house to earn a profit of 25%?

Solution (By Examveda Team)

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