A garment company declared 14 % discount for wholesale buyers. Mr. Swami bought garments from compan

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7.Profit and Loss

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A garment company declared $14 \%$ discount for wholesale buyers. Mr. Swami bought garments from the company for $Rs.$ $860$ after getting discount. He fixed up the selling price of garments in such a way that he earned a profit of $6 \%$ on original company price. What is the? approximate total selling price? (in $Rs.$)

A

$1060$

B

$1160$

C

$960$

D

Cannot be determined

Solution

The original company price $=$ $Rs.$ $\left[\frac{\operatorname{SP} \times 100}{(100- D ) \%}\right]$

$=$ Rs. $\left[\frac{860 \times 100}{(100-14) \%}\right]=$ $Rs. 1000$

Let the total $SP$ be Rs. $q$

Now according to equation:

$=\frac{S P-C P}{C P} \times 100=($ profit $) \%$

$\Rightarrow \frac{ q -1000}{1000} \times 100=6 \Rightarrow q = Rs .1060$

Standard 13

Quantitative Aptitude

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