Kunal bought a suitcase with 15 % discount on labelled price. He sold suitcase for Rs 2880 with 20 %

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7.Profit and Loss

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Kunal bought a suitcase with $15 \%$ discount on the labelled price. He sold the suitcase for $Rs$ $2880$ with $20 \%$ profit on the labelled price. At what price did he buy the suitcase? (in $Rs.$)

A

$2040$

B

$2400$

C

$2604$

D

$2640$

Solution

$C.P.$ $=\frac{85}{100} \times$ labelled price

$S.P.$ $=2880=\frac{120}{100}$ labelled price

$\therefore$ C.P. $=\frac{2880 \times 100}{120} \times \frac{85}{100}=24 \times 85=Rs. 2040$

Standard 13

Quantitative Aptitude

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