Let's Assume the reduced price of the radio be \(Rs. x\)
According to the question, Reduced Price + Sale tax = \(Rs.\) 2568
So,
\(x + \frac{7x}{100} = 2568\)
\(= \frac{107x}{100} = 2568\)
= \(x = \frac{2568 \times 100}{107}\)
\(x = 24 \times 100 = 2400\)
So, the reduction needed in the price of the radio. = 2568 - 2400
= \(Rs. 168\)
The correct option is (C): Rs.168
A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is \(10\%\) per annum, the man.
A man sells Rs. 5000, \(12\%\) stock at 156 and invests the proceeds partly in \(8\%\) stock at 90 and the balance in \(9\%\) stock at 108. He thereby increase his income by Rs. 70. How much of the proceeds were invested in each stock?