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(D) Step $1$: Find the printed rate (marked price).Given that the discounted value is $Rs. 1242$ at a $10\%$ discount.Let the printed rate be $P$.$P \

Vedclass · Accepted Answer

$1200$

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(D) Step $1$: Find the printed rate (marked price).Given that the discounted value is $Rs. 1242$ at a $10\%$ discount.Let the printed rate be $P$.$P 	imes (1 - 0.10) = 1242$$P 	imes 0.90 = 1242$$P = 1242 / 0.90 = 1380$.Step $2$: Find the purchase rate (cost price).It is given that selling the goods at the printed rate $(Rs. 1380)$ yields a $15\%$ profit on the purchase rate $(CP)$.$SP = CP 	imes (1 + 	ext{Profit}\%)$$1380 = CP 	imes (1 + 0.15)$$1380 = CP 	imes 1.15$$CP = 1380 / 1.15 = 1200$.Therefore,the purchase rate is $Rs. 1200$.

$Mr.$ $A$ sold goods to $Mr.$ $B$ at a $10\%$ discount on the printed rate. The discounted value is $Rs. 1242$. If a $15\%$ profit is earned on the purchase rate by selling the goods at the printed rate,what is the purchase rate? (in $Rs.$)

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