A trader fixed the price of an article in such a way that by giving a rebate of 10% on the price fixed he made a profit of 15%. If the cost of the article is Rs 72, the price fixed on it is
- ARs 82.80
- BRs 90.00
- CRs 92.00Correct
- DRs 97.80
Explanation
To solve this problem, we use the relationship between Cost Price, Marked Price, Profit, and Discount.
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First, calculate the Selling Price. Since the Cost Price is 72 and the profit is 15 percent, the Selling Price is 115 percent of 72. This equals 82.80.
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The Selling Price is also the result of giving a 10 percent discount on the Marked Price. This means 90 percent of the Marked Price equals 82.80.
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To find the Marked Price, divide 82.80 by 0.90. This equals 92.
Therefore, the price fixed on the article is Rs 92.00. Correct option is C.
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