Anam bought a jute bag at 30% discount on the list price. He then sold...
Assume that MP = Rs 100
then CP of An am = Rs 70
and his SP = Rs 160
So, his Profit = Rs 90.
Now using unitary method, when profit of Anam = Rs 90, then his MP = 100. So when his MP = Rs 81, his MP = 90.
View all questions of this testAnam bought a jute bag at 30% discount on the list price. He then sold...
Let's solve the problem step by step:
Step 1: Calculate the Selling Price
The selling price is 160% of the list price. Let's assume the list price is "x".
So, the selling price is 160% of x.
Selling price = 160/100 * x = 1.6x
Step 2: Calculate the Cost Price
Anam bought the jute bag at a 30% discount on the list price. This means he paid only 70% of the list price.
Cost price = 70/100 * x = 0.7x
Step 3: Calculate the Profit
Profit = Selling Price - Cost Price
Profit = 1.6x - 0.7x
Profit = 0.9x
Step 4: Calculate the List Price
We know that Anam made a profit of Rs 81.
So, 0.9x = 81
Dividing both sides by 0.9, we get:
x = 90
Therefore, the list price of the jute bag is Rs 90.
Anam bought a jute bag at 30% discount on the list price. He then sold...
Understanding the problem:
- Anam bought the bag at a 30% discount, so he paid 70% of the list price.
- He sold it at 160% of the list price.
- The profit he made was Rs. 81.
Setting up the equation:
- Cost Price (CP) = 70% of L = 0.7L
- Selling Price (SP) = 160% of L = 1.6L
- Profit = SP - CP = 1.6L - 0.7L = 0.9L
Solving for L:
- We know that profit = Rs. 81
- So, 0.9L = 81
- L = 81 / 0.9 = 90
Therefore, the list price of the bag is Rs. 90.
So, the correct answer is option A: Rs 90.