What will be the Sofa Cost for Trader’s? If

A sofa set carrying a sale price of 5000 is sold at a discount of 4%, thereby gaining 20%. The trader’s cost price of the sofa set is:

  1. Rs. 3000
  2. Rs. 2250
  3. Rs. 4000
  4. Rs. 40500
vijay Professor Asked on 2nd August 2015 in Maths.
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  • 1 Answer(s)

    Answer: (3) Rs.4000
    Explanation:-
    Given-
    Sale price = Rs.5000, Discount = 4 %, Gain = 20 %.
    He gave 4 % ,
    Then , the selling price = 5000 – 5000 x 4/100
    = 5000 – 200
    = Rs.4800
    Gain = 20 %
    Then, the cost price = 4800 x 100/120
    =40 x 100
    = Rs.4000
    Hence, the cost price of a sofa set is Rs.4000.

    Anurag Mishra Professor Answered on 2nd August 2015.
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