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

    Question

    An article with cost price of Rs. 1800 is marked 44%

    above its cost price and sold after two successive discounts of 20% and Rs. ‘X’ respectively such that it is sold at a profit of 14%. Find the value of ‘X’.
    A 20.6 Correct Answer Incorrect Answer
    B 27.6 Correct Answer Incorrect Answer
    C 26.6 Correct Answer Incorrect Answer
    D 21.6 Correct Answer Incorrect Answer

    Solution

    Marked price of the article = 1800 × 1.44 = Rs. 2592 Selling price of the article after first discount = 2592 × (80/100) = Rs. 2073.6 Selling price of the article after second discount = 2073.6 × 1.14 = Rs. 2052 So, second discount = X = 2073.6 – 2052 = 21.6

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