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Mr. Z deals in steel utensils.If he allows a discount of 16%, he would suffered a loss of Rs. 5000 than if he allows a discount of 8%. Find the market price.1. Rs. 42,5002. Rs. 53,5003. Rs. 62,5004. Rs. 16,250 |
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Answer» Correct Answer - Option 3 : Rs. 62,500 Given: Loss : Rs. 5000 Calculation: Let the market price is Rs. x ⇒ 16% of x = 8% of x + 5000 ⇒ 8x/100 = 5000 ⇒ x = Rs. 62,500 Market price is Rs. 62,500 |
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