Question
An article with cost price of Rs. 1700 is marked 40%
above its cost price and sold after two successive discounts of 11% and Rs. ‘X’ respectively such that it is sold at a profit of 16%. Find the value of ‘X’.Solution
Marked price of the article = 1700 × 1.4 = Rs. 2380 Selling price of the article after first discount = 2380 × (89/100) = Rs. 2118.2 Selling price of the article after second discount = 1700 × 1.16 = Rs. 1972 So, second discount = X = 2118.2 – 1972 = 146.2
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