Question
A product is priced 80% higher than its cost price and then sold for Rs. 1,224 after applying two consecutive discounts of 20% and 15%. What is the difference between the product's marked price and its cost price?
Solution
ATQ, Marked price of the product = {1224/(0.80 × 0.85)} = Rs. 1,800 Cost price of the product = (1800/1.8) = Rs. 1,000 Hence required difference = 1800 – 1000 = Rs. 800
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