Question
A shopkeeper purchased an item
for Rs. 1,500. He increased the price by 20% over its cost price and then sold the item after offering two consecutive discounts of 15% and 20%. Calculate the selling price of the item.Solution
ATQ, Cost price of the article = Rs. 1,500 Marked price of the article = 1.20 Ă— 1500 = Rs. 1,800 Selling price of the article = 0.85 Ă— 0.80 Ă— 1800 = Rs. 1,224
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