Question
An article with cost price of Rs. 1300 is marked 50%
above its cost price and sold after two successive discounts of 16% and Rs. ‘X’ respectively such that it is sold at a profit of 12%. Find the value of ‘X’.Solution
Marked price of the article = 1300 × 1.5 = Rs. 1950 Selling price of the article after first discount = 1950 × (84/100) = Rs. 1638 Selling price of the article after second discount = 1300 × 1.12 = Rs. 1456 So, second discount = X = 1638 – 1456 = 182
A branch and subsidiary are
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