Question

    "A seller marked an item 'a'%

    above its cost price and sold it after giving two consecutive discounts of 20% and 25%. Determine the value of ‘a’ if the shopkeeper incurred a 7% loss in this transaction."
    A 25% Correct Answer Incorrect Answer
    B 65% Correct Answer Incorrect Answer
    C 50% Correct Answer Incorrect Answer
    D 75% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of the item be Rs. 100 Marked price of the item = 100 x {(100 + a)/100} = Rs. (100 + a) Selling price of the item = (100 + a) 0.80 x 0.75 = (100 x 0.93) 60 + 0.6a = 93 0.6a = 33, a = 55 So, the value of 'a' = 55%

    Practice Next
    More Profit and loss Questions
    ask-question