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A garment company declared 15% discount for wholesale buyers. Mr Sachdev bought garments from the company for Rs 25000 after getting discount. He fixed up the selling price of garments in such a way that he earned a profit of 8 % on original company price. What is approximate total selling price?
- a)Rs 28000
- b)Rs 29000
- c)Rs 31000
- d)Rs 28500
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
A garment company declared 15% discount for wholesale buyers. Mr Sachd...
Cost price of garments = Rs 25000
Original company price = 25000/85 x 100
∴ Selling price of garments
= 25000/85 x 100 x 108/100
= Rs 31764.71 ≈ Rs 31000
Original company price = 25000/85 x 100
∴ Selling price of garments
= 25000/85 x 100 x 108/100
= Rs 31764.71 ≈ Rs 31000
Most Upvoted Answer
A garment company declared 15% discount for wholesale buyers. Mr Sachd...
Given:
Discount = 15%
Cost price = Rs 25000
Profit = 8%
To find:
Total selling price
Solution:
1. Finding the original cost price of the garments:
Let the original cost price of the garments be Rs x.
After a discount of 15%, the amount paid by Mr Sachdev for the garments = Rs 25000.
So, we can write the equation:
x - (15/100)*x = 25000
Simplifying the above equation, we get:
0.85x = 25000
x = 25000/0.85
x = 29411.76
Therefore, the original cost price of the garments is Rs 29411.76.
2. Finding the selling price of the garments:
Profit = 8%
Let the selling price of the garments be Rs y.
We know that profit = selling price - cost price.
So, we can write the equation:
Profit = (8/100)*x
Substituting the value of x, we get:
Profit = (8/100)*29411.76
Profit = 2352.94
Selling price = cost price + profit
Selling price = 29411.76 + 2352.94
Selling price = 31764.7
Therefore, the selling price of the garments is Rs 31764.7.
3. Approximating the total selling price:
The question asks for the approximate total selling price.
Since the answer options are close to each other, we can use rounding to approximate the answer.
Rounding off the selling price to the nearest thousand, we get:
Approximate selling price = Rs 32000
Therefore, the approximate total selling price is Rs 32000.
Answer: (c) Rs 31000 (approximate).
Discount = 15%
Cost price = Rs 25000
Profit = 8%
To find:
Total selling price
Solution:
1. Finding the original cost price of the garments:
Let the original cost price of the garments be Rs x.
After a discount of 15%, the amount paid by Mr Sachdev for the garments = Rs 25000.
So, we can write the equation:
x - (15/100)*x = 25000
Simplifying the above equation, we get:
0.85x = 25000
x = 25000/0.85
x = 29411.76
Therefore, the original cost price of the garments is Rs 29411.76.
2. Finding the selling price of the garments:
Profit = 8%
Let the selling price of the garments be Rs y.
We know that profit = selling price - cost price.
So, we can write the equation:
Profit = (8/100)*x
Substituting the value of x, we get:
Profit = (8/100)*29411.76
Profit = 2352.94
Selling price = cost price + profit
Selling price = 29411.76 + 2352.94
Selling price = 31764.7
Therefore, the selling price of the garments is Rs 31764.7.
3. Approximating the total selling price:
The question asks for the approximate total selling price.
Since the answer options are close to each other, we can use rounding to approximate the answer.
Rounding off the selling price to the nearest thousand, we get:
Approximate selling price = Rs 32000
Therefore, the approximate total selling price is Rs 32000.
Answer: (c) Rs 31000 (approximate).
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A garment company declared 15% discount for wholesale buyers. Mr Sachdev bought garments from the company for Rs 25000 after getting discount. He fixed up the selling price of garments in such a way that he earned a profit of 8 % on original company price. What is approximate total selling price?a)Rs 28000b)Rs 29000c)Rs 31000d)Rs 28500Correct answer is option 'C'. Can you explain this answer?
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A garment company declared 15% discount for wholesale buyers. Mr Sachdev bought garments from the company for Rs 25000 after getting discount. He fixed up the selling price of garments in such a way that he earned a profit of 8 % on original company price. What is approximate total selling price?a)Rs 28000b)Rs 29000c)Rs 31000d)Rs 28500Correct answer is option 'C'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about A garment company declared 15% discount for wholesale buyers. Mr Sachdev bought garments from the company for Rs 25000 after getting discount. He fixed up the selling price of garments in such a way that he earned a profit of 8 % on original company price. What is approximate total selling price?a)Rs 28000b)Rs 29000c)Rs 31000d)Rs 28500Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A garment company declared 15% discount for wholesale buyers. Mr Sachdev bought garments from the company for Rs 25000 after getting discount. He fixed up the selling price of garments in such a way that he earned a profit of 8 % on original company price. What is approximate total selling price?a)Rs 28000b)Rs 29000c)Rs 31000d)Rs 28500Correct answer is option 'C'. Can you explain this answer?.
A garment company declared 15% discount for wholesale buyers. Mr Sachdev bought garments from the company for Rs 25000 after getting discount. He fixed up the selling price of garments in such a way that he earned a profit of 8 % on original company price. What is approximate total selling price?a)Rs 28000b)Rs 29000c)Rs 31000d)Rs 28500Correct answer is option 'C'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about A garment company declared 15% discount for wholesale buyers. Mr Sachdev bought garments from the company for Rs 25000 after getting discount. He fixed up the selling price of garments in such a way that he earned a profit of 8 % on original company price. What is approximate total selling price?a)Rs 28000b)Rs 29000c)Rs 31000d)Rs 28500Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A garment company declared 15% discount for wholesale buyers. Mr Sachdev bought garments from the company for Rs 25000 after getting discount. He fixed up the selling price of garments in such a way that he earned a profit of 8 % on original company price. What is approximate total selling price?a)Rs 28000b)Rs 29000c)Rs 31000d)Rs 28500Correct answer is option 'C'. Can you explain this answer?.
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A garment company declared 15% discount for wholesale buyers. Mr Sachdev bought garments from the company for Rs 25000 after getting discount. He fixed up the selling price of garments in such a way that he earned a profit of 8 % on original company price. What is approximate total selling price?a)Rs 28000b)Rs 29000c)Rs 31000d)Rs 28500Correct answer is option 'C'. Can you explain this answer?, a detailed solution for A garment company declared 15% discount for wholesale buyers. Mr Sachdev bought garments from the company for Rs 25000 after getting discount. He fixed up the selling price of garments in such a way that he earned a profit of 8 % on original company price. What is approximate total selling price?a)Rs 28000b)Rs 29000c)Rs 31000d)Rs 28500Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of A garment company declared 15% discount for wholesale buyers. Mr Sachdev bought garments from the company for Rs 25000 after getting discount. He fixed up the selling price of garments in such a way that he earned a profit of 8 % on original company price. What is approximate total selling price?a)Rs 28000b)Rs 29000c)Rs 31000d)Rs 28500Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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