Question

    A shop owner bought merchandise for Rs. 'u'. He then

    marked the price up by Rs. 2,800 above the purchase price and sold it after applying two sequential discounts of 20% and 10%. Calculate the selling price if the shop owner obtained a profit of Rs. 560 in this sale.
    A Rs.3,580 Correct Answer Incorrect Answer
    B Rs.2,330 Correct Answer Incorrect Answer
    C Rs.1,745 Correct Answer Incorrect Answer
    D Rs.5,760 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Marked price = Rs. (u + 2800),

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