The list price of a refrigerator is ₹15,000. It is sold to a retailer after two successive discounts of 32% and 40%. The retailer wants to earn a profit of 45% on his cost after allowing a 49% discount (on its new list price) to the customer. At what price should he list the refrigerator?
The initial list price is ₹15,000. Two successive discounts of 32% and 40% are applied to find the retailer's cost price.
$ ₹15,000 \times (1 - \frac{32}{100}) = ₹15,000 \times (1 - 0.32) = ₹15,000 \times 0.68 = ₹10,200 $
$ ₹10,200 \times (1 - \frac{40}{100}) = ₹10,200 \times (1 - 0.40) = ₹10,200 \times 0.60 = ₹6,120 $
So, the retailer's Cost Price (CP) is ₹6,120.
The retailer wants a 45% profit on his cost price. The selling price is calculated as:
$ SP = CP \times (1 + \text{Profit Percentage}) $
$ SP = ₹6,120 \times (1 + \frac{45}{100}) $
$ SP = ₹6,120 \times (1 + 0.45) $
$ SP = ₹6,120 \times 1.45 $
$ SP = ₹8,874 $
The retailer needs to sell the refrigerator for ₹8,874 to achieve the desired profit.
The retailer allows a 49% discount on his list price to the customer. The selling price (SP) is 51% (100% - 49%) of the retailer's list price (LP).
$ SP = LP \times (1 - \text{Discount Percentage}) $
$ ₹8,874 = LP \times (1 - \frac{49}{100}) $
$ ₹8,874 = LP \times (1 - 0.49) $
$ ₹8,874 = LP \times 0.51 $
To find the list price (LP), we rearrange the formula:
$ LP = \frac{₹8,874}{0.51} $
$ LP = ₹17,400 $
Therefore, the retailer should list the refrigerator at ₹17,400.
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