Dealer purchased an article for Rs. 900 and fixes the list price in su
| Dealer purchased an article for Rs. 900 and fixes the list price in such a way that he gains 20% after allowing a 10% discount, then the list price is
A. Rs. 1180
B. Rs. 1080
C. Rs. 1200
D. Rs. 1100
Right Answer is: C
SOLUTION
Dealer purchased an article for Rs. 900 and fixes the list price in such a way that he gains 20% after allowing 10% discount.
SP = 120% of CP = 90% of MP
⟶ SP = (120/100) × 900 = 1080
SP = 90% of MP
⟶ 1080 = 90% of MP
⟶ MP = (1080/90) × 100 = Rs. 1200
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Dealer purchased an article for Rs. 900 and fixes the list price in su