A dealer purchased a food processor for ₹10,000. He offered a discount of 20% on its listed price and still gained a profit of 40%. Find the listed price of the food processor.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. ₹17,500.
The cost price of the food processor = 10000
Let's assume the marked price of the food processor = x
Now according to the question
x × (100 - Discount %)/100 × 100/(100 + Profit %) = Cost price
x × (80/100) × (100/(140) = 10000
x = 17500