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

    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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