Sunil purchased a fan at a 10% discount on the labelled price. If he had purchased it at a 15% discount, he would have saved Rs.400. Find the labelled price of the fan.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. Rs.8000.
Calculations:
Let the marked price of the fan be 100x
Selling price when discount is 10% = 90% of 100x = 90x
Selling price when discount is 15% = 85% of 100x = 85x
According to the question;
⇒ 90x - 85x = 400
⇒ 5x = 400
⇒ x = 80
Hence, the labelled price of the fan = 100x
⇒ 100 × 80 = Rs 8000