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

    Question

    A bookshop owner sold a novel after offering two

    successive discounts of 12% and 10%, respectively, such that he earned a profit of 25%. Find the cost price of the novel if the marked price is Rs. 2,500.
    A Rs. 2,478 Correct Answer Incorrect Answer
    B Rs. 1,578 Correct Answer Incorrect Answer
    C Rs.1,584 Correct Answer Incorrect Answer
    D Rs. 1,025 Correct Answer Incorrect Answer

    Solution

    ATQ, Marked price of the novel = Rs. 2,500 Selling price of the novel = (2500 × 0.88 × 0.90) = Rs. 1,980 Cost price of the novel = (1980/125) × 100 = Rs.1,584

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