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

    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.
    A Rs.1,204 Correct Answer Incorrect Answer
    B Rs.1,024 Correct Answer Incorrect Answer
    C Rs.1,224 Correct Answer Incorrect Answer
    D None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Cost price of the article = Rs. 1,500 Marked price of the article = 1.20 × 1500 = Rs. 1,800 Selling price of the article = 0.85 × 0.80 × 1800 = Rs. 1,224

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