New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A seller marked his article 60% above the cost price and

    sold it after offering two successive discounts of 50% and 30% respectively. In the whole transaction the seller lost Rs. 616. 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. 1.6x Selling price of the article = 0.5 × 0.7 × 1.6x = Rs. 0.56x According to the question, (x – 0.56x) = 616 Or, 0.44x = 616 Or, x = 1400 Therefore, selling price of the article = 1400 – 616 = Rs. 784

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