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