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 100100 == 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
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
Join The Discussion