Advertisements
Advertisements
Question
Swastik Distributers allows 15% discount on the list price of washing machine. Further 5% discount is given for cash payment. Find the list price of the washing machine if it was sold for the net amount of ₹ 38,356.25
Solution
Let the list price be ‘x’
Swastik Distributors gives 15% discount on list price.
∴ Discount = `x xx 15/100` = 0.15x
∴ Net price = x – 0.15x = 0.85x
Further cash discount is given at 5%.
∴ Cash discount = `0.85x xx 5/100` = 0.0425x
∴ Net selling price = 0.85x – 0.0425x = 0.8075x
However, net selling price is ₹ 38,356.25
∴ 0.8075x = 38,356.25
∴ x = `(38,356.25)/0.8075`
∴ x = ₹ 47,500
∴ List price of washing machine is ₹ 47,500.
APPEARS IN
RELATED QUESTIONS
A whole seller allows 25% trade discount and 5% cash discount. What will be the net price of an article marked at ₹ 1,600?
What is sum due of ₹ 8,000 due 4 months hence at 12.5% simple interest?
True discount on the sum due 8 months hence at 12% p.a. is ₹ 560. Find the sum due and present worth of the bill.
A bill of ₹ 6,395 drawn on 19th January 2015 for 8 months was discounted on 28th February 2015 at 8% p.a. interest. What is the banker’s discount? What is the cash value of the bill?
A bill was drawn on 14th April for ₹ 7,000 and was discounted on 6th July at 5% p.a. The Banker paid ₹ 6,930 for the bill. Find the period of the bill.
Choose the correct alternative.
P is the abbreviation of
Banker’s gain is simple interest on ______.
Fill in the Blank.
An _______ is an agent who sells the goods by auction.
Fill in the Blank.
The banker’s discount is also called _______.
The banker’s discount is always _______ than the true discount.
State whether the following statement is True or False.
The banker’s discount is always lower than the true discount.
A bill is drawn for ₹ 7,000 on 3rd May for 3 months and is discounted on 25th May at 5.5%. Find the present worth.
A manufacturer makes clear profit of 30% on cost after allowing 35% discount. If the cost of production rises by 20%, by what percentage should he reduce the rate of discount so as to make the same rate of profit keeping his list prices unaltered.
A trader offers 25% discount on the catalogue price of radio and yet makes 20% profit. If he gains ₹ 160 per radio, what must be the catalogue price of the radio?
Choose the correct alternative:
If A bill of ₹ 6,395 drawn on 15th February 2015 for 10 months was discounted on 28th May 2015 at 8% p.a. interest, then legal due date is ______
State whether the following statement is True or False:
A person can get both, trade discount and cash discount
A bill was drawn on 14th April for ₹ 7,000 and was discounted on 6th July at 5% p.a. The Banker paid ₹ 6,930 for the bill. What is the legal due date
A bill of ₹ 51,000 was drawn on 18th February 2010 for 9 months. It was encashed on 28th June 2010 at 5% p.a. Calculate the banker’s gain and true discount
