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.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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