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 (MP) is = Rs 480

Retailer buys it at discount of = 25%

Cost price for the retailer is (75/100) × 480

So, CP = (75/100) × 480

= Rs 360

Now, the retailer sells the fan to get 15%

Gain% = (gain)/CP × 100

15% = (SP-CP)/CP × 100

SP = 115/100 CP

= 115/100 × 360

= 414

∴ The retailer should sell the fan at Rs 414 to get a gain of 15%.