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    A shopkeeper lists the price of a fan at 20% above its cost price and offers a 10% discount on its list price. If he earns a profit of ₹150, then what
    Question

    A shopkeeper lists the price of a fan at 20% above its cost price and offers a 10% discount on its list price. If he earns a profit of ₹150, then what is the list price (in ₹) of the fan?

    A.

    2054

    B.

    1969

    C.

    2250

    D.

    2172

    Correct option is C

    Given :

    A shopkeeper lists the price of a fan at 20% above its cost price and offers a 10% discount on its list price

    Formula Used:

    Profit = Selling price - Cost price

    Solution: 

    Let, Cost price C.P = 100 x    

    List price  L.P = 120 x

           Selling price S.P = 108 x

    he earns a profit of ₹150 , profit = 150 Rs.

    Profit = S.P - C.P = 108x - 100x = 8x

    now,    8x = 150 

                x = 1508\frac{150}{8}

    So, 

    List price = 120 ×\times  x

    List price = 120 ×1508\times\frac{150}{8}

    List price = 2250 

    The list price of the fan is ₹2250.

    thus , the correct answer is option (c).

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