Question

    A seller marked his article 80% 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. 736. Find the selling price of the article.
    A Rs. 864 Correct Answer Incorrect Answer
    B Rs. 1155 Correct Answer Incorrect Answer
    C Rs. 1020 Correct Answer Incorrect Answer
    D Rs. 720 Correct Answer Incorrect Answer
    E Rs. 784 Correct Answer Incorrect Answer

    Solution

    Let the cost price of the article be Rs. x Therefore, marked price of the article = Rs. 1.80x Selling price of the article = 0.4 × 0.75 × 1.80x = Rs. 0.54x According to the question, (x – 0.54x) = 736 Or, 0.46x = 736 Or, x = 1600 Therefore, selling price of the article = 1600 – 736 = Rs. 864

    Practice Next
    More Profit and loss Questions
    ask-question