A trader fixed the price of an article in such a way that by giving a rebate of 10% on the price fixed, he made a profit of 15% . If the cost of the article is ₹ 72. The fixed price on it, is?
Correct Answer: ₹ 92.00
Explanation:
Let the fixed price of article = ₹P
Then, Selling price = 90% of P = (90 x P)/100 = ₹ 9P/10
Also, the selling price = 115% of 72 = ₹(115 x 72)/100
⇒ (115 x 72)/100 = 9P/10
∴ P = ₹ 92
