Rajesh allowed discount of 15% on the marked price of refrigerator which is Rs. 13800 and made a loss of 8%. If he wants to earn the profit of 18%, the selling price would be?

Option 3 : Rs. 15045

Marked price = Rs. 13800

Discount = 15% on Marked price = (15/100) × 13800 = Rs. 2070

Selling price of product = 13800 - 2070 = Rs. 11730

Given the loss percentage in the transaction = 8%

Loss = Cost price - Selling price

⇒ Cost price = Selling price + loss

⇒ Cost price = 11730 + (8% of Cost price)

⇒ Cost price (1 - 0.08) = 11730

⇒ Cost price (0.92) = 11730

⇒ Cost Price = 11730/0.92

⇒ Cost price = Rs. 12750

Now, Selling price - Cost price = Profit

⇒ Selling price = Profit + Cost price

⇒ Selling price = 18% of Cost price + 12750

⇒ Selling price = (1 + 0.18) × 12750

⇒ Selling Price = 12750 × 1.18