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      Question

      The label price of a shirt was Rs. 850. It was sold after

      applying successive discounts of 5% and 30%. If the seller made a profit of Rs. 50, determine the cost price of the shirt.
      A Rs.302.35 Correct Answer Incorrect Answer
      B Rs.392.55 Correct Answer Incorrect Answer
      C Rs.499.25 Correct Answer Incorrect Answer
      D Rs.514.25 Correct Answer Incorrect Answer

      Solution

      ATQ,

      Selling price = 850 Γ— 0.95 Γ— 0.7 = Rs. 564.25

      Cost price = 564.25 – 50 = Rs. 514.25

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