A white goods dealer pays 10 % custom duty on an i-phone that costs Rs., 25000 in UK . For how much

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7.Profit and Loss

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A white goods dealer pays $10 \%$ custom duty on an i-phone that costs $Rs.\, 25000$ in $UK$. For how much should hemark it, if he desires to make a profit of $20 \%$ after giving a discount of $25 \%$ to the buyer? (in $Rs$)

A

$32000$

B

$38000$

C

$44000$

D

Cannot be determined

Solution

$CP$ of i-phone to dealer (on inclusion of $10 \%$ custom duty)

$=$ Rs. $(25000+10 \%$ of $25000$)$= Rs. 27500$

The $SP$ of i-phone at $20 \%$ profit $=$ $Rs.$ $\left[27500 \times \frac{120}{100}\right]=$ $Rs. 33000$

But Here, $Rs. 33000$ is price after $25 \%$ discount on $MP$ Hence, MP $\times(1-0.25)=33000$

$MP =\frac{33000}{0.75}= Rs .44000$

Standard 13

Quantitative Aptitude

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