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A man wanted to sell his bat at a discou...

A man wanted to sell his bat at a discount of 8%. His brother who was a cricketer wanted to buy the bat, so the man sells it at a discount of 10%. In this deal, the man reduces Rs.70 in profit. What was the market value of the bat?

A

Rs. 3,200

B

Rs. 2,500

C

Rs. 3,000

D

Rs. 3,500

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's denote the market value of the bat as \( x \). ### Step 1: Calculate Selling Price at 8% Discount The man initially wanted to sell the bat at a discount of 8%. Therefore, the selling price (SP) at this discount can be calculated as: \[ SP_{8\%} = x - (8\% \text{ of } x) = x - 0.08x = 0.92x \] ### Step 2: Calculate Selling Price at 10% Discount When the man sells the bat to his brother at a discount of 10%, the selling price becomes: \[ SP_{10\%} = x - (10\% \text{ of } x) = x - 0.10x = 0.90x \] ### Step 3: Determine the Reduction in Profit According to the problem, selling at a 10% discount results in a reduction of Rs. 70 in profit. This means: \[ SP_{8\%} - SP_{10\%} = 70 \] Substituting the selling prices we calculated: \[ 0.92x - 0.90x = 70 \] ### Step 4: Simplify the Equation Now, simplify the equation: \[ 0.02x = 70 \] ### Step 5: Solve for \( x \) To find \( x \), divide both sides by 0.02: \[ x = \frac{70}{0.02} = 3500 \] ### Conclusion The market value of the bat is Rs. 3500. ---
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