Question
A merchant bought an article at a cost price of ₹8000.
He sold it to a customer at a price which is 25% more than the cost price. The customer then sells the article to another person at a price which is 20% more than the price at which he bought it. What is the final selling price?Solution
The merchant sells the article at a price 25% more than the cost price. Selling price of the merchant = ₹8000 + 25% of ₹8000 = ₹8000 + ₹2000 = ₹10,000. The customer sells the article at a price 20% more than the price at which he bought it. Selling price of the customer = ₹10,000 + 20% of ₹10,000 = ₹10,000 + ₹2000 = ₹12,000. So, the final selling price is ₹12,000. Correct option: b
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