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Anam bought a jute bag at 30% discount on the list price. He then sold it at a price which is 160% of the list price thereby making a profit of Rs 81. What is the list price of the bag?

  • a)
    Rs 90

  • b)
    Rs 100

  • c)
    Rs 180

  • d)
    Rs 200

Correct answer is option 'A'. Can you explain this answer?
Verified Answer
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.
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Most Upvoted Answer
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.
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Community Answer
Anam 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.
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Anam bought a jute bag at 30% discount on the list price. He then sold it at a price which is 160% of the list price thereby making a profit of Rs 81. What is the list price of the bag?a)Rs 90b)Rs 100c)Rs 180d)Rs 200Correct answer is option 'A'. Can you explain this answer?
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Anam bought a jute bag at 30% discount on the list price. He then sold it at a price which is 160% of the list price thereby making a profit of Rs 81. What is the list price of the bag?a)Rs 90b)Rs 100c)Rs 180d)Rs 200Correct answer is option 'A'. Can you explain this answer? for Quant 2025 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Anam bought a jute bag at 30% discount on the list price. He then sold it at a price which is 160% of the list price thereby making a profit of Rs 81. What is the list price of the bag?a)Rs 90b)Rs 100c)Rs 180d)Rs 200Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Quant 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Anam bought a jute bag at 30% discount on the list price. He then sold it at a price which is 160% of the list price thereby making a profit of Rs 81. What is the list price of the bag?a)Rs 90b)Rs 100c)Rs 180d)Rs 200Correct answer is option 'A'. Can you explain this answer?.
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