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Choose the correct option.

Anil bought a T.V with 20% discount on the labeled price . Had he bought it with 25% discount, he would have saved Rs. 500. At what price did he buy the T.V?





ENone of above

 View Answer |  Submit Your Solution | Important Formulas | Topic: Profit and Loss | Asked In HCL TechnologiesSSC CGL Tier I |

Answer: Option B


Let the labelled price of TV be Rs. x, then difference between 80% of x and 75% of x is Rs. 500.
=> 0.8x - 0.75x = 500
=> 0.05x =500 or x=10000
So the buying price=80% of x= 0.8*10000=Rs. 8000

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