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      Question

      A retailer offered two consecutive discounts of 20% and

      15% on an item marked at Rs. 775. Given that the ratio of the cost price to the selling price of this item is 15:17, calculate the cost price of the article.
      A Rs. 525 Correct Answer Incorrect Answer
      B Rs. 495 Correct Answer Incorrect Answer
      C Rs. 475 Correct Answer Incorrect Answer
      D Rs. 465 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Selling price of the article = 775 X 0.8 X 0.85 = Rs. 527 So, cost price of article = (527/17) X 15 = Rs. 465

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