Question

Lakshman is dealing in curtains allows 4% discount on the marked price. What price must be marked on curtains that cost Rs. 4800 to make a profit of 10%?

1. Rs. 5200
2. Rs. 5000
3. Rs. 5400
4. Rs. 5500
5. Rs. 5600

Answer 1

Correct Answer - Option 4 : Rs. 5500

Calculation:

Cost price = Rs. 4800

Profit = 4800 × 10%

⇒ 480

S.P. = 4800 + 480 = 5280 Rs.

∴ Discount% = 4%

Discount is always given on the marked price, So

∴ x × 96% = 5280

⇒ x = 5500

Price marked on curtains is Rs. 5500.