Advertisements
Advertisements
Question
A wholesaler allows 25% trade discount and 5% cash discount. Find the list price of an article, if it was sold for the net amount of Rs 1,140.
Solution
Let x be the list price.
Trade discount at 25% = `"x" xx 25/100 = "x"/4`
Invoice price = `"x" - "x"/4`
`= "x"(1 - 1/4)`
`= "x"(3/4) = "3x"/4`
Cash discount at 5 % =`(3"x")/4 xx 5/100 = ("3x")/80`
Net selling price = Invoice price - cash discount
`= "3x"/4 - "3x"/80`
`= "57 x"/80`
But given that net selling price = Rs 1140.
`therefore 1140 = "57x"/80`
`therefore "x" = (1140 xx 80)/57 = 1600`
∴ The lit price is Rs 1600.
APPEARS IN
RELATED QUESTIONS
An agent charges 12% commission on the sales. What does he earn if the total sale amounts to Rs. 36,000? What does the seller get?
Natarajan and Mr. Gopalan are partners in the company having capitals in the ratio 4 : 5 and the profits received by them are in the ratio 5 :4. If Mr. Gopalan invested capital in the company for 16 months, how long was Mr. Natarajan’s investment in the company?
A person bought a television set paying ₹ 20,000 in cash and promised to pay ₹ 1,000 at the end of every month for the next 2 years. If the money is worth 12% p.a. converted monthly, what is the cash price of the television set?
[(1.01)-24 = 0.7884]
A manufacturer can sell x items (x > 0) at a price of Rs.(280 - x) each. The cost of producing x items is Rs. (x2 + 40x + 35). Find the number of items to be sold so that the manufacturer can make maximum profit.
The price of a T.V. set is Rs 17,000. An agent charges at 3% and earns Rs. 25,500. Find the number of T.V. sets sold by him.
If the present worth of a bill due 6 months hence is Rs. 2,500 at 10% per annum, what is the true discount ?
An article is marked at Rs. 1500. A trader allows a discount at 3% and still gains 20% on the cost. Find the cost price of the article.
If the difference between true discount and banker's discount on a sum due 4 months hence is Rs 20, find true discount, banker's discount and amount of the bill, the rate of simple interest charged being 5% p.a .
A bill of Rs.7,500 was discounted for Rs. 7,290 at a bank on 28th October 2006. If the rate of interest was 14% p.a., what is the legal due date ?
If the Crude Death Rate (CDR) for the following data is 13.4 per thousand, find x:
| Age groups (in years) |
Population | Number of deaths |
| 0 - 20 | 40,000 | 350 |
| 20 - 65 | 65,000 | 650 |
| 65 and above | 15,000 | x |
Find accumulated value after 1 year of annuity immediate in which Rs 20,000 is invested every quarter, at .16% p.a. compounded quarterly.
[Given : (1.04)4 = 1.1699]
A wholesaler allows 25% trade discount and 5% cash discount, what will be the net price of an article marked at ₹1,600?
Three cars were sold through an agent for Rs 1,60,000, Rs1,48,000 and Rs 1,50,000 respectively. The rates of commission were 17 .5% on the first, and 12.5% on the second. If on the whole, the agent received 14% commission on the total sales, find the rate of commission paid on the third car.
A bill of ₹ 2,000 drawn on 15th February 2003 for 10 months was discounted on 13th May 2003 at `3 3/4` % p.a. Calculate the banker's discount.
Find the true discount, banker's discount and banker's gain on a bill of Rs. 36,600 due 4 months hence at 5% p.a.
A Banker's discount calculated for 1 year is 26 times his gain. Find the rate or interest.
