Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
Kunal bought a suitcase with 15\% discount on the labelled price. He sold the suitcase for ₹ 2880 with 20\% profit on the labelled price. At what price did he buy the suitcase?
(a)₹ 2040
(b)₹ 2400
(c)₹ 2604
(d)₹ 2640
(e)None of these
Answer
Answer (as printed): A
Explanation
Let the labelled price be ₹ $x$. Then, $120 \%$ of $x=2880 \Rightarrow x=\left(\frac{2880 \times 100}{120}\right)=2400$. $$\therefore \quad \text { C.P. }=85 \% \text { of ₹ } 2400=₹\left(\frac{85}{100} \times 2400\right)=₹ 2040 .$$
Explanation as extracted from the printed page; notation may be imperfect.