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Question

I bought a shirt at 10% discount and sold it to a friend at a loss of 10%. If the friend paid me Rs. 729.00 for the shirt, what was the undiscounted price of the shirt?

The correct answer is
Rs. 900

Undiscounted Shirt Price Calculation with Discount and Loss

Let the undiscounted price (original marked price) of the shirt be denoted by P.

Cost Price Calculation from Discount

The shirt was initially bought by the seller at a 10% discount. This means the seller's cost price (CP) was 90% of the undiscounted price (P): $CP = P \times (1 - 0.10) = 0.90P$

Selling Price to Cost Price Relation

The shirt was then sold to a friend at a 10% loss. The selling price (SP) is given as Rs. 729.00. The loss is calculated based on the cost price (CP). $SP = CP \times (1 - 0.10) = 0.90 \times CP$

Substitute the known SP:

$729 = 0.90 \times CP$

Solve for CP:

$CP = \frac{729}{0.90} = \frac{7290}{9} = 810$

The seller's cost price was Rs. 810.

Undiscounted Price Calculation

Now, we use the cost price (CP) found and the relationship from the initial purchase ($CP = 0.90P$):

$810 = 0.90P$

Solve for the undiscounted price (P):

$P = \frac{810}{0.90} = \frac{8100}{9} = 900$

The undiscounted price of the shirt was Rs. 900.

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Important Questions from Profit & Loss (Notes)

  1. A shopkeeper bought an item for ₹7825 and marked it at 30% higher than the cost price. If he sells the item by allowing 20% discount, then his profit percentage will be :
  2. A bought an article at a certain price and sold it at 10% profit. B bought the same article at a price 10% lesser than A and sold it at ₹18 lesser than A. B's gain percentage in this deal is 20%. At what price B bought the article?
  3. A shopkeeper earned a profit (in ₹) by selling an item, which is three times the discount offered (in ₹). If the discount offered is 6.25%, what is his profit percentage ?
  4. The Loss incurred by selling an article at Rs.$2042$ is $75\%$ of the gain attained by selling the same article at Rs.$2532$. Find the cost price of the article. (In Rs.)
  5. When a plot is sold for Rs.$26980$, the owner loses $24\%$. At what price must that plot be sold in order to gain $24\%$? (In Rs.)
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