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    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. 1045. 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. 1.75x Selling price of the article = 0.4 × 0.75 × 1.75x = Rs. 0.525x According to the question, (x – 0.525x) = 1045 Or, 0.475x = 1045 Or, x = 2200 Therefore, selling price of the article = 2200 – 1045 = Rs. 1155

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