Question

    A seller marked his article 75% above the cost price and

    sold it after offering two successive discounts of 60% and 25% respectively. In the whole transaction the seller lost Rs. 855. Find the selling price of the article.
    A Rs. 675 Correct Answer Incorrect Answer
    B Rs. 561 Correct Answer Incorrect Answer
    C Rs. 693 Correct Answer Incorrect Answer
    D Rs. 945 Correct Answer Incorrect Answer

    Solution

    Let the cost price of the article be Rs. x Therefore, marked price of the article = Rs. 1.75x Selling price of the article = 0.4 x 0.75 x 1.75x = Rs. 0.525x According to the question, (x - 0.525x) = 855 Or, 0.475x = 855 Or, x = 1800 Therefore, selling price of the article = 1800 - 855 = Rs. 945

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