Maha Bazaar offers 20% discount on bags which have been marked 50% above the cost price. Amarnath pays Rs. 840 for a bag. Then the cost price of the bag is = ?
A. Rs. 672
B. Rs. 700
C. Rs. 790
D. Rs. 810
Answer: Option B
Solution(By Examveda Team)
Let the cost price of bag is = 100 units∴ Marked price of the bag = 150 units
Selling price of the bag :
$$\eqalign{ & 150 \times \frac{{80}}{{100}} = 120{\text{ units}} \cr & {\text{120 units = Rs. 840}} \cr & {\text{1 units = 7}} \cr & {\text{100 units = Rs. 700}} \cr} $$
Related Questions on True Discount
The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:
A. 12%
B. 13%
C. 15%
D. 14%
A. Rs. 9025.20
B. Rs. 9200
C. Rs. 9600
D. Rs. 9560
A. Rs. 12,000 in cash
B. Rs. 12,880 at credit
C. Both are equally good
D. Rs. 18.33
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