Question

The list price of a table fan is Rs. 480 and it is available to a retailer at 25% discount. For how much should a retailer sell it to gain 15%?

Answer 1

Given,

List price of table fan = Rs 480

M.P. = 480

Retailer buys it at discount 25%

Cost price for the retailer is \((\frac{75}{100})\)x 480

C.P. = \((\frac{75}{100})\)x 480

C.P. = 36

Retails sells it to get 15%

15% =   \(\frac{S.P.-C.P.}{C.P.}\)x 100

S.P. =   \(\frac{115}{100}\)C.P.

S.P. = \(\frac{115}{100}\)X 360 = 414

S.P. = 414

Retailer should sell it for Rs 414 to get 15% gain