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

    Question

    A shopkeeper marks the price of an article 25% higher

    than its cost price. The marked price is Rs. 12,000. He offers two successive discounts of 10% and x%, resulting in a profit of 3.5%. Determine the value of x.
    A 8% Correct Answer Incorrect Answer
    B 9% Correct Answer Incorrect Answer
    C 10% Correct Answer Incorrect Answer
    D 12.5% Correct Answer Incorrect Answer
    E 13% Correct Answer Incorrect Answer

    Solution

    Marked price of the article = 12000 125% of the cost price =marked price Cost price = 12000/125 ×100 = 9600 Selling price after two successive discounts = 9600×103.5/100 12000×90/100 ×(100-x)/100 = 9936 100-x = 9936/108 100-x = 92 x = 8%

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