Mr A sold a goods, to Mr . B at 10 % discounted value of printed rate. discounted value is Rs., 1242

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7.Profit and Loss

medium

$Mr$ A sold a goods, to $Mr$. $B$ at $10 \%$ discounted value of printed rate. The discounted value is $Rs.\, 1242.$ If $15 \%$ profit is earned on purchase rate by selling the goods at printed rate, what is the purchase rate? (in $Rs.$)

A

$1242$

B

$1380$

C

$1280$

D

$1200$

Solution

We can determine $CP$ (cost price)$/$ purchase rate by below formula:

$CP = SP \times \frac{100}{100- Discount \%} \times \frac{100}{100+ Pr { ofit } \%}$

$=1242 \times \frac{100}{90} \times \frac{100}{115}= Rs .1200$

Standard 13

Quantitative Aptitude

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