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.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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