Question
A man buys a radio for ₹2000. He sells it to a
retailer at a profit of 25%. The retailer sells it to a customer at a profit of 20%. What is the final selling price of the radio?Solution
The cost price for the retailer is ₹2000 + 25% of ₹2000 = ₹2000 + ₹500 = ₹2500. The cost price for the customer is ₹2500 + 20% of ₹2500 = ₹2500 + ₹500 = ₹3000. Therefore, the final selling price is ₹3000. Correct option: e
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