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A dealer makes a profit of 20% even after giving a 10% discount on the advertised price of a scooter. If he makes a profit of $ 7500 on the sale of the scooter, the advertised price was
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- $ 45000
- $ 47500
- $ 50000
- $ 52500
Correct Option: C
Let the advertised price be $ 100.
∴ S.P. = $ 90, Profit = 20%.
∴ C.P. = $ | 90 × | 100 | = $ 75 | |||
120 |
Profit = $ (90–75) = $ 15
Since for a profit of $ 15, the advertised price = $ 100
∴ For a profit of 7500, the advertised price = $ | = $ 50000 | 15 |